Porto turn down Hulk bid

Hulk has been linked with Arsenal and Manchester City after an impressive season with Porto.

Teodoro Fonseca said: “Porto have rejected an offer for Hulk and will only consider a bid of at least €40million (£34m).

“Big clubs from Europe are interested in Hulk, but he is very content in Portugal.

“I do not believe it will be likely that Porto will accept a sale this summer.”