Chelsea and Arsenal are two of the teams with a strong interest in Porto winger Pepe.
The attacker has shown outstanding quality with the Portuguese giants in recent months.
Pepe has two goals and four assists, but is only in his second season since arriving from Gremio in Brazil
Per Record in Portugal, the 25-year-old is a serious Premier League target
However, any club that wants to sign him may have to pay his £65 million release clause.
Porto are not in the mood to sell a key asset for a cut price fee in the middle of the season.
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