ESPNsoccernet understands that Chelsea are undecided over whether to pursue their bid for Santos attacker Neymar.
Chelsea attempted to sign Brazil star Neymar, 19, last summer but Santos made clear at that time that they had no wish to sell. The player then signed a new contract with Santos on significantly improved terms and, though the Blues have now improved on last year's £25 million offer, they have been warned their recent £30 million bid is still well short of Santos' valuation.
Neymar has a €45 million (£39.6 million) buy-out clause in his contract, and Santos are refusing to accept anything less. The deal would therefore make him by some distance the most expensive teenager in the game.
Roman Abramovich sanctioned £50 million for Fernando Torres in January and there is a belief at the club that Neymar could be the man to inject the creativity required to kickstart the Spaniard's career but, even so, the Chelsea owner would be loath to pay such a high fee for a player who remains untested in Europe.
"It is not clear whether a move to Chelsea will go ahead," ESPNsoccernet's source said. "It might be that the price on the player's head is too rich even for Chelsea, but the player is just 19 and has years ahead of him, so it might not be that costly when looking at it from that point of view."
Real Madrid have also been linked with the forward, and iG in Brazil claims Neymar is now talking to the former Madrid striker Ronaldo to seek advice over a potential move to the Bernabeu. It is claimed Madrid would prefer to sign Atletico Madrid forward Sergio Aguero, but are prepared to consider a move for Neymar should they fail.