Hulk has been linked to Chelsea throughout the transfer window, with the Blues and Porto unable to come to an agreement. The latest rumor, according to The Daily Star, is that Chelsea feels they can secure Hulk for a transfer fee of £32m instead of the £40m that Porto are asking.
At either price, Chelsea should pass on Hulk. It's a ridiculous fee for a player that still has plenty to prove. Hulk has played well for Porto at club level and has been decent for the Brazilian national team. While he would likely have a nice impact, the fee is just too outrageous.
Hulk would be a decent signing for Chelsea if they could secure his signature for around the same price they got Oscar. Anything above £30m is just too much for a 26-year-old player that hasn't proved he can score goals in the Premier League.
While Hulk is overvalued, another part of the equation is where he fits into the team. In Roberto Di Matteo's new 4-2-3-1 formation, Fernando Torres is the only man up front with Hazard, Mata and Ramires as attacking midfielders. Hulk would have to replace Ramires, who has proved his worth and his extreme versatility, even playing as a fourth defender against Man City after Branislav Ivanovic's sending off.
Ramires could move to the defensive midfield, which would leave midfielders Oscar and Marko Marin outside of the lineup. Such a move would require Frank Lampard or John Obi Mikel to be on the bench to make room for Ramires.
This summer, Chelsea have already spent £32m on Eden Hazard and around £25m on Oscar. If they are going to spend close to that on another big talent, they are better off going after Napoli's Edinson Cavani.
Cavani's talent is undeniable. He has played extremely well for his club throughout Serie A and the Champions League. Chelsea knows this firsthand, as Cavani was a nightmare during their Round of 16 matchup, finishing the first leg with a goal and two assists in a 3-1 Napoli win.
Chelsea's need is at striker. Cavani is strictly that and plays the position in clinical fashion. With the amount of games Chelsea has this season, another striker behind Fernando Torres and Daniel Sturridge is a necessity.
While Cavani would be a nice snag, Chelsea can survive without either Hulk or the Uruguayan forward. Victor Moses would be a nice addition as a backup striker and, along with the development of Lucas Piazon, could be enough to keep Chelsea afloat.
With the amount of money put into the midfield, that's where Chelsea will win or lose. If the service is excellent, Torres or Strurridge are both capable of scoring goals. They don't need to fork over a huge transfer fee for the overvalued Hulk.