Only last week, it was reported that Bernard was only a signature away from Arsenal, but the youngster's future now seem to lie in Portugal.
Porto manager Paulo Fonseca was guarded with his comments on the Brazilain.
"I don't have any information about Bernard," he told numerous reporters.
"I only speak about the players who are here. I don't know if he is coming and I will not speak about somebody not in the squad."
However, while Porto remain tight-lipped over transfer rumours, the 20-year-old's agent, Adriano Spodato has been outspoken about his clients intentions.
"I can confirm that the possibility [of joining Porto] is strong, but there is Shakhtar, too," he admitted to Mais Futebol.
"It should be between those. On Monday or Tuesday there should be something more concrete.
"If it was up to me, Bernard would be a Porto player. I told him that this is the best way.
"It is preferable to enter a medium, but good, European club, rather than risk a top club and have no space to play. Indeed, Bernard is very interested in going to Porto."
Bernard's father has not hidden his son's desire for the move from the press, telling O Jogo:
"He wants to continue his career at a club like Porto.
"He dreams of that. Bernard is Hulk's friend, they became very close in the national squad and they talked about this.
"Hulk spoke highly of the club, and [Bernard] was convinced it would be a safe bet for this stage of his career."
The Brazilian winger has attracted attention from a number of Premier League outfits, Arsenal, Tottenham and Liverpool all reportedly interested in signing the youngster. However, with yet another player slipping through the fingers of Arsene Wenger, Arsenal fans will be losing patience with the club, Wenger still to deliver the major name signing that was to supporters promised this summer.
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