CHELSEA has reportedly agreed a 38 million pounds fee for Porto striker Hulk.

Hulk's deal is ready to be closed, as reported late Thursday, with directors from both clubs needing merely to sign the paperwork.

The 25-year-old Brazil international's personal terms are not expected to pose any problems, nor is a required medical.

Earlier reports suggested potential suitors would need to pay as much as 100 million euros (E100 million) to get Porto to agree to a release but that figure was thought to have been quickly discounted down by Chelsea.

Hulk, as he is commonly known in the soccer world, was given the nickname due to his resemblance to actor Lou Ferrigno, who played green-skinned action character The Incredible Hulk in the US TV series.

The right winger, whose real name is Givanildo Vieira de Souza, can also operate as a striker and has been coveted by many big name European clubs.

The potential marquee signing comes soon after the recent European Champions League winners agreed a 32 million pounds deal for Lille attacking midfielder Eden Hazard, beating off competition from Manchester United and Manchester City.

Nonetheless, the London club is still without a permanent manager, with the future of interim boss Roberto Di Matteo unclear, and has already dispensed with the services of star striker Didier Drogba, defender Jose Bosingwa and attacker Salomon Kalou.
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