Both parties have not officially confirmed yet although it is understood that Villas-Boas is set to replace Carlo Ancelotti at Chelsea.
After weeks of intense speculation and rumors, Chelsea have apparently found their perfect replacement for Carlo Ancelotti. Andre Villas-Boas is set to be unveiled as the man to take the helm at Stamford Bridge.

Chelsea have been eyeing Guus Hiddink prior to this but the Dutchman is seemingly keener on a Sporting Director role. So Roman Abramovich jumped at the chance of bringing in Villas-Boas, who previously worked at the club as an assistant to Jose Mourinho.

According to The Guardian, Chelsea have already agreed to pay the £13.2m release clause in Villas-Boas' contract with Porto. He will reportedly earn £4.4m a season; the exact salary that Mourinho received during his time with the Blues.

Porto president Pinto da Costa said "If a club pays the €15m and if he wants to leave, FC Porto can't do anything about it". This statement paved the way for Chelsea to secure their new manager and reports also claim that a few others could follow Villas-Boas to London.

Chelsea are keen on signing Falcao and Hulk, whom both combined to such devastating effect for the Portuguese champions last season. Also remember that Ricardo Carvalho and Paulo Ferreira followed Mourinho when the latter took charge of Chelsea in 2004. Could the same happen again this time around? What are your takes on it?