According to reports in the Portuguese press, the defender is set to move to Real Madrid this summer as a long-term replacement for Fabio Cannavaro.
Alves has also been linked with a switch to Italian champions Inter Milan as he shares an agent with Jose Mourinho.
The French press, meanwhile, has reported that he could head to Arsenal if William Gallas leaves Emirates Stadium in the next transfer window.
The 27-year-old maintains that he will not think about his future until the end of the season but admits he would then stay open-minded.
He told Sky Sports: "I am calm over this speculation. For me it is important to play well for Porto.
"Hopefully at the end of the season we will see where I will be. I am 27 years old and ready."
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