Porto - No Blues deal, yet

Image: Villas-Boas: Odds on to join Chelsea as Carlo Ancelotti's successor as manager

Porto have said that no club has yet met the release clause for Andre Villas-Boas, amid reports he is set to join Chelsea.

Portuguese champions say nothing has been agreed with Chelsea

Porto have told the Portuguese Stock Exchange that no club has yet met the release clause for Andre Villas-Boas, amid reports he is set to join Chelsea. The Portuguese champions have already confirmed that their coach has a €15million (£13.2m) release clause in his contract, and if that is met they cannot stop him leaving. And Portuguese reports insist that Villas-Boas has already agreed terms with Chelsea ahead of a move to West London. But Porto have stated that no agreement is in place, commenting: "Futebol Clube do Porto, hereby informs the market that the coach Andre Villas-Boas, as well as several players in the squad, has a termination clause. "To date, this company has not received any communication that this clause will be exercised." Chelsea remain confident they will soon be in a position to make a formal announcement on their new manager, but will not be drawn on the continued speculation. A club spokesman said: "We hope to be able to make an announcement regarding the new manager in the next few days or so, but until then we will not be commenting further on the speculation surrounding that appointment."

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