The Independent claim the club’s chairman, Chen Xuyuan, has major reservations about spending £52m on the playmaker.
It’s suggested SIPG boss Andre Villas-Boas isn’t too bothered either.
Instead, the driving force for the signing is reportedly the government of Shanghai, which owns 61 per cent of the Port Authority.
“Chelsea ace Oscar has been linked with a move to China”
City officials are apparently leaning on SIPG, and their rivals Shenhua, to make statement signings that will help promote the region.
The area gets cash for hosting the Chinese Grand Prix – and it used to be highly lucrative.
However, crowds have dwindled and Shanghai’s agreement with Formula One ends next April.
It’s claimed high-profile footballers are now wanted as an expensive marketing tool.
Former Premier League superstar Carlos Tevez has been linked with Shenhua.
And SIPG already have Brazilian striker Hulk on their books.
Speaking earlier today, Chelsea boss Antonio Conte remained coy regarding Oscar’s future.
He said: “I don’t know exactly the amount of the situation.
“But I think in the right moment you know the situation – but now we have to wait.”