The Colombian forward has been linked with Barcelona, Liverpool and Tottenham.
“I am happy at the club”, he told Radio Renascenca. “I want to repeat what happened last season and win new trophies with Porto.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.