The Brazilian has impressed for the Portuguese side since his summer move from Sao Paulo, and recently scored his first Champions League goal against Schalke.
The 20-year-old is a versatile centre-back who can also feature as a full-back or in the defensive midfielder position.
Since his debut against Moreirense in September, he has featured in 14 matches for Porto in both Portuguese Primeira Liga as well as the Champions League – playing every single minute of action.
Last week, the Brazilian prodigy scored his first goal in the European competition – opening the scoring in Porto's 3-1 victory over Schalke.
Militao has already earned his first cap for Brazil and debuted for Samba Boys against Salvador three months ago.
Maurizio Sarri reportedly keeps tabs on the youngster, according to the Daily Mail, who is thought to share agents with other Chelsea stars Willian and David Luiz.
The Blues, however, will have to compete for the signature of the defender with Manchester United.
Jose Mourinho has targeted Militao as a cheaper alternative to the Red Devils' transfer targets, following unsuccessful pursuit of Napoli's Kalidou Koulibaly.
Man City coach Pep Guardiola reportedly also showed interest in the Brazilian earlier this year, before his move to Portugal.
Chelsea would be expected to offer much more than the £7.2million Porto paid for Militao.
Sao Paulo are said to have a 10 per cent sell-on clause in the agreement with the Portuguese side, ramping up the price for the Brazilian's potential buyer.
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