Chelsea face competition from Arsenal in the race to sign Radamel Falcao, according to reports.
The Colombian international striker has been linked with a handful of clubs across Europe, with Tottenham Hotspur another Barclays Premier League club to be interested in the player's services.
However, Chelsea are currently favourites to win the race, providing manager Andre Villas-Boas completes his move to Stamford Bridge as expected within the next fortnight.
Dubbed 'the new Jose Mourinho', Villas-Boas tendered his resignation with Porto after leading them to the treble last season in an effort to speed-up a move to Chelsea, who will have to pay €15 million to secure the manager's services.
Should the move take place, agent Claudio Mossi confirmed that the striker would want to follow his manager to west London.
"If Villas-Boas is the new coach of Chelsea it is normal for players that are closest to follow him," Mossi admitted.
The comments are backed up by a report in Portuguese publication A Bola, although they claim that Chelsea now face competition from Arsenal in the race to sign the player.
After scoring 38 goals in 42 appearances last season, Falcao has emerged on Arsenal manager Arsene Wenger's radar as he looks to add another striker to the club's forward ranks.
Nicklas Bendtner has admitted he expects to leave the Emirates this summer, and a new striker partner for Robin van Persie is high on the Gunners' agenda.
The £26 million buy-out clause would represent a huge financial investment from Arsenal, although Wenger has admitted that he will look to spend in the transfer window should the 'right' players become available.
Money is not an issue for Chelsea in their pursuit of transfer targets, with Roman Abramovich willing to back the incumbent manager financially in an effort to bring trophies back to the club.
The Portuguese publication claims Villas-Boas would be confident of bringing 'two or three' players with him to Chelsea, should he be appointed, and Falcao would be high on the list of targets for the 33-year-old.
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