TRANSFER NEWS: Move Unlikely As €30m Target Signs Contract Extension

By on October 4, 2011

Chelsea target Alvaro Pereira has extended his contract with Portuguese champions FC Porto, denting the Londoners hopes of signing him.

The Uruguayan left-back has inked a new deal which will keep him at Estado do Dragao until 2016, making a move to west London very unlikely. Andre Villas-Boas was heavily linked with his former left back in the summer and Chelsea failed with a £15m bid but a statement released by the club to the Portuguese stock market (CMVM) has confirmed he has committed himself to the Dragoes.

“The Football Club Porto informs the market of the extension to Alvaro Pereira’s contract until June 2016. The release clause remains set at €30 million,” it read.

Liverpool had also been keeping tabs on the South American, but were priced out of a move for the Copa America winner.

Submitted by Football Friends

 

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