Chelsea are hoping to put the finishing touches on a deal to sign Porto striker Hulk this week and have also started their search for a new right back according to a Squeaky Bum Time source.

Fresh from completing the purchase of Lille star Eden Hazard for £32 million owner Roman Abramovich is set to splash another £34m on Hulk as he continues his squad overhaul at Stamford Bridge.

The 25-year-old Brazilian international has reportedly agreed terms over a move to West London and the transfer is set to be publicly confirmed by Abramovich in the next few days.

With that deal in the final stages of completion the Russian oligarch has turned his attentions to strengthening the Blues’ defensive options with a right back at the top of his shopping list.

Ajax full back Gregory Van Der Wiel and Cesar Azpilicueta of Marseille are the leading candidates to replace Jose Boswinga following his departure on a free transfer.

Van Der Wiel, 24, has long been linked with a move to Chelsea and Abramovich see’s him as the idea player to plug the gap left by Boswinga.

But with Manchester United and Real Madrid also long-term admirers of the Holland international the billionaire has identified Azpilicueta as an alternative.

The 22-year-old Spaniard has yet to win a senior cap for his country but has forged a strong reputation in France where his progress hasn’t gone unnoticed and he could be tempted by a switch

Abramovich is also looking to bolster the European Champions’ midfield options and has his eyes set on Newcastle enforcer Cheick Tiote along with Fulham schemer Moussa Dembele.

Tiote, 25, has long been a target for the Blues although the Ivory Coast star’s £20m price tag would need to be generated through player sales with Michael Essien, Florent Malouda and Raul Meireles reportedly set to be sacrificed.