The Brazil international has been given 24 hours to make a final decision on whether or not he wishes to leave Estadio do Dragao amid reported interest from three clubs
The 26-year old joined the Portuguese side in 2008 and has since gone on to make 98 appearances for the club, scoring an impressive 54 goals, collecting three Primeira Liga titles and a Europa League winners medal in the process.
Such fine form has seen the former Tokyo Verdy man become a focus of intense transfer speculation and the Dragoes press officer has revealed that the club have now given their star striker a deadline over his future, also confirming the interest of two English clubs, reported to be Chelsea and Tottenham.
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"Staying in Porto is also a real possibility. He is very satisfied and there is no problem."
The Portuguese club are understood to be unwilling to sell for less than Hulk's €100 million [£78m] release clause.