Arsenal and Chelsea are set for disappointment in their respective pursuits of Jackson Martinez, with the striker close to extending his contract with Porto.

The Colombian international has been heavily linked with the Premier League giants in recent times, with a move away from the Estadio do Dragao having been on the cards for some time.

However, Martinez is now set to pen a new deal with the Portuguese giants according to his agent, who is set to finalise negotiations with the club soon:

“I will travel to Porto next week to discuss the renewal. There is already an agreement to renew,” he is quoted by the Daily Star.

The news will come as a blow to Arsenal and Chelsea – who are both said to be on the lookout for attacking reinforcements.

Martinez is widely regarded as one of European football’s top marksmen, having notched a staggering 49 goals in 64 outings for Porto since joining them from Mexican top tier side Chiapas.

A number of top clubs from across the continent have been linked with Martinez in recent times, with reports of potential release clause-triggering £34m bids having been widely reported.

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