Chelsea agree incredible fee for Hulk

Chelsea's Premier League rivals are sure to be green with envy after the Champions League winners agreed a deal worth £38 million for Porto's incredible Hulk.

The 25-year-old forward has been a long-term target of the Blues ever since Andre Villas-Boas joined the club as manager from Porto at the beginning of the 2011/2012 season and now appears to be finally on his way to Stamford Bridge.

According to The Guardian, both Chelsea and Porto have agreed a fee of £38 million for the player, which added to the eye-watering £32 million price tag of Eden Hazard, brings Chelsea's prospective spending in the past fortnight to an incredible £70 million.

Hulk's agent Teodoro Fonsec had intimated last weekend that Roman Abramovich's side were closest to his client's signature, stating previously: "There hasn't been an official proposal so far. There has been a lot of interest in him, but it has yet to go further than that.

"All that should change next week. Besides Chelsea, there are four more English clubs interested in him."

Brazilian international Hulk has hit the net twice in appearances at international level, while he boasts a scoring record of 57 goals in 91 games.

Along with Hazard and Hulk, Chelsea have already added Werder Bremen's Marko Marin and Genk's Kevin de Bruyne - both for fees of £7 million.