Porto's prolific Colombia striker Falcao has agreed to extend his contract by two seasons until 2015.



Premier League giants Chelsea have been heavily linked with a big-money move for the 25-year-old marksman following the appointment of ex-Porto bossAndre Villas-Boas.

The new contract may not necessarily end Villas-Boass interest in his former striker, but it does mean the Blues will need to fork out even more cash if they are to land him with Falcao's attached release clause rising from £26.2m to £39.4m.

The striker is coming off the back of a season to remember having plundered 38 goals last term, helping Porto claim a treble of Portuguese Premier League, Portuguese Cup and Europa League.

Falcao became the top all-time scorer in a single Uefa club competition, scoring 17 goals in the Europa League campaign to break a record previously held by Germany's Jurgen Klinsmann.

He joined the Portuguese giants from Argentina's River Plate in 2009 and has scored an remarkeable 73 goals in 85 games.