The Brazilian forward, 25, is widely expected to follow new arrivals Eden
Hazard and Marko Marin to Stamford Bridge this summer.
But Porto president Pinto da Costa claims reports of a £30million deal being as good as done are wide of the mark.
Da Costa said: "At this point, there have not been any offers made to Porto, or anyone related to Porto, with regard to Hulk.
“That is the truth, despite what the papers say about Chelsea and PSG.
“Those stories are simply rumours. If you believe what they say, Hulk has already left us.”
Hulk is under contract with Porto until 2014, but has made it clear he would be happy to join Roberto Di Matteo's Champions League winners.
But Porto president Pinto da Costa claims reports of a £30million deal being as good as done are wide of the mark.
Da Costa said: "At this point, there have not been any offers made to Porto, or anyone related to Porto, with regard to Hulk.
“That is the truth, despite what the papers say about Chelsea and PSG.
“Those stories are simply rumours. If you believe what they say, Hulk has already left us.”
Hulk is under contract with Porto until 2014, but has made it clear he would be happy to join Roberto Di Matteo's Champions League winners.
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