The Portuguese champions made the announcement in a statement to the Portuguese Securities Market Commission and it appears to pave the way for Villas-Boas to join Chelsea. The West London club are searching for a coach to replace Carlo Ancelotti, who was sacked at the end of last season. The statement read: "FC Porto was today notified of the intention of Andre Villas-Boas to resign from his contract with the club by triggering the release clause immediately. "The contract will be terminated once the required amount is paid." Villas-Boas guided the Dragons to the domestic double and Europa League success last season. And he is no stranger to Chelsea, having worked there under Jose Mourinho. Villas-Boas, who was reportedly also on Inter Milan's wanted list, would dramatically increase his salary with a move back to Chelsea, with reports suggesting as much as £4.4m-a-year is on offer. If Villas-Boas does succeed Ancelotti one of his first signings could be to bring Porto's star striker Falcao to Stamford Bridge along with him, the £25m-rated Colombian having impressed as the Dragons won the Europa League final at Dublin's Aviva Stadium, where the 25-year-old netted the only goal against Braga.
