"I can confirm that Paulo Ferreira is leaving," Porto president Jorge Nuno Pinto da Costa stated.
"There are still a few details to sort out before he transfers to Chelsea, however."
The attacking full back is believed to have signed a contract till 2008, and is the first Porto player to follow ex Porto manger Jose Mourinho across to London.
Surely this means the end for Dutch right back, Mario Melchiot, as the summer clearout continues!