Chelsea target Andre Villas-Boas quits Porto

Chelsea's pursuit of highly-rated coach Andre Villas-Boas appeared to move a step closer to completion tonight as Porto announced they had received the payment required to release him from his contract.

Confirmation came earlier today that Villas-Boas tendered his resignation with the Portuguese champions, and the receipt of the compensation payment, reported to be 15million euros, leaves the way clear for the 33-year-old to move on to a new club.

Now it seems only a matter of time before the Portuguese coach is unveiled at Stamford Bridge.

A statement from Porto to the Portuguese Securities Market Commission read: "FC Porto, in accordance with Article 248 paragraph 1 of the Securities Code, hereby informs the market they have received from Mr Andre Villas-Boas the amount provided for in clause to terminate his employment contract."

The statement added that all that remained to sort out were the formalities of the termination of the contract.

Porto, who also confirmed Vitor Pereira as their new coach on a two-year contract, added on their official website: "The amount has been deposited on the termination clause of the work contract of Andre Villas-Boas."

Porto made a statement to the Portuguese Securities Market Commission earlier today confirming Villas-Boas had tendered his resignation, and that the compensation payment would complete the termination of his contract with the Dragons.

Reports suggest Villas-Boas had indicated he would settle the deal himself, although the funds were more likely to have come via the deep pockets of Chelsea owner Roman Abramovich, who has already spent millions in cutting short contracts of previous managers and players.

It had appeared Guus Hiddink - who enjoyed a successful spell as caretaker boss in 2008-09 and continues to enjoy a close relationship with Abramovich - was set to take up a sporting director role at Stamford Bridge once his exit from the Turkish Football Federation is confirmed, with compensation set at around £4million. However, that scenario now looks uncertain.

Chelsea were keen to appoint an up-and-coming coach to oversee first-team affairs and Villas-Boas would certainly fit the bill after guiding Porto to domestic and Europa League success last season. He is also no stranger to the west London club, having worked there under Jose Mourinho.

Chelsea will not be drawn on any specific movements behind the scenes, but it has been reported Villas-Boas is already in London.

If he does succeed Ancelotti, one of his first moves as the new Blues boss could be to sign Porto's star striker Radamel Falcao, the £25million-rated Colombian having impressed as the Dragons won the Europa League final at Dublin's Aviva Stadium, where the 25-year-old netted the only goal against Braga.

That could then signal the departure of Didier Drogba, with AC Milan said to be ready to offer the veteran Ivory Coast striker a fresh start in Italy.

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...