The agent of Porto striker Hulk has insisted that reports linking his client with a move to Chelsea are wide of the mark, describing them as "nothing but lies".

20533 - No Chelsea approach for Hulk

Hulk, 24, recently signed a contract extension with the Portuguese champions until 2016 and Porto inserted a €100 million buyout clause in a bid to ward off interest from abroad.

The likes of AC Milan and Arsenal are believed to have been monitoring him, but speculation has mounted in recent days that he could be set to join former boss Andre Villas-Boas at Chelsea.

However, Hulk's agent Teodoro Fonseca has dismissed any talk of a move to Stamford Bridge, insisting there has been no contact between Porto and the Blues regarding the Brazil international.

"We have not received any proposals and have not even been contacted by any club. Everything that's been written about a potential move is nothing but lies," Fonseca was quoted as saying by O Jogo.

Hulk scored 36 goals in 51 games as Porto swept all before them last season, winning a domestic league and cup double before adding a Europa League triumph.

While Chelsea have yet to make contact with Hulk, they are thought to be in advanced talks with Porto about his strike partner Falcao, who has his own buyout clause of €30 million.