Chelsea closes £38m deal for Brazilian international Hulk

London, June 1 (ANI): Chelsea has agreed to a deal of 38 million pounds for Porto and Brazilian striker Hulk.

Facilitators, working on behalf of both clubs, have brokered the figure. Now, the directors of both sides have to sign the relevant paperwork.

Chelsea owner, Roman Abramovich will, however, reserve the right to renegotiate the final terms of the agreement.

According to The Guardian, Porto have been happy to push the line about Hulk's release clause being 100 million euros to 60 million euros [48 million pounds], and have been forced to accept less, because apparently the clause was never going to be binding. Porto had wanted no less than 40 million pounds but Chelsea have haggled the price down.

The fee, however, represents an eye-watering outlay and, on the back of the 32 million pound deal that Chelsea have put into place for the Lille attacking midfielder Eden Hazard, it is a serious statement of intent from Abramovich, who still does not have a permanent manager. (ANI)