Villas-Boas' Chelsea move rubbished

Porto have released a statement to the stockmarket that indicates Andre Villas-Boas is still in charge of the UEFA Cup winning side, and insisted that there is a 15m GBP buy out clause in the 33 year old's contract.

According to reports from the BBC yesterday, Andre Villas-Boas and Chelsea have already agreed terms on a deal.

However, eyefootball.com understands that no deal has yet been struck between the two parties, and that Chelsea are still evaluating all other options.

Chelsea have yet to comment on the situation but are believed to be locked in talks internally regarding Carlo Ancelotti's successor.