Chelsea target André Villas-Boas has tendered his resignation as Porto coach. The Portuguese club made the announcement in a statement to the Portuguese Securities Market Commission. Villas-Boas, 33, has been linked with Chelsea in recent days following the sacking of Carlo Ancelotti in May. Porto insisted on Monday that Villas-Boas could leave if a rival club paid £13.2m to activate a release clause in his contract. 'FC Porto was today notified of the intention of Andre Villas-Boas to resign from his contract with the club by triggering the release clause immediately,' read a Porto statement. 'The contract will be terminated once the required amount is paid.' The Lusa news agency had reported earlier on Tuesday that Villas-Boas would pay the £13.2m himself.
The arrival of André Villas-Boas at Stamford Bridge would make him the youngest manager in the Premier League. It may also tempt Porto’s leading striker, Colombian Radamel Falcao, to join Chelsea. It is understood a meeting took place at the Sheraton Hotel in Porto between representatives from the clubs and the release clause in Falcao’s contract - believed to be in the region of £26m - was discussed. And his agent Claudio Mossi admitted the striker would be interested in following Villas-Boas to Stamford Bridge.