Arsenal fear Wolves winger Pedro Neto may be too expensive for them to sign this summer, according to reports in the English media.

LEEDS, ENGLAND: Pedro Neto of Wolverhampton Wanderers runs with the ball during the Premier League match between Leeds United and Wolverhampton Wanderers at Elland Road on August 06, 2022. (Photo by David Rogers/Getty Images)
LEEDS, ENGLAND: Pedro Neto of Wolverhampton Wanderers runs with the ball during the Premier League match between Leeds United and Wolverhampton Wanderers at Elland Road on August 06, 2022. (Photo by David Rogers/Getty Images)

On Monday morning, David Ornstein broke the news that Pedro Neto is Arsenal’s transfer priority for the remainder of the summer window, with the Gunners’ interest concrete and unanimous.

Yet further reports have suggested the Gunners may not be able to afford the deal.

The Telegraph write that Arsenal fear Neto could prove to be too expensive this summer. With a contract until 2027 at a club that don’t want to sell, the winger is evidently not available in a cut-price deal.

The one upside mentioned by The Telegraph is that Wolves have spent heavily this summer, and could yet spend further, so they might decide to cash in on Neto.

The Times report that Arsenal have been in discussions with Neto’s agent, Jorge Mendes, but the finances make things complicated.

Wolves value Neto between £50m-60m, and Arsenal would reportedly need to sell first, or structure the deal in a way that could help them afford it.

LEEDS, ENGLAND: Pedro Neto of Wolverhampton Wanderers watches the ball during the Premier League match between Leeds United and Wolverhampton Wanderers at Elland Road on August 06, 2022. (Photo by David Rogers/Getty Images)
LEEDS, ENGLAND: Pedro Neto of Wolverhampton Wanderers watches the ball during the Premier League match between Leeds United and Wolverhampton Wanderers at Elland Road on August 06, 2022. (Photo by David Rogers/Getty Images)

Fabrizio Romano wrote last week for CaughtOffside that although there was no deal advanced for Neto yet, Wolves were planning to evaluate his future amid links to Arsenal and Chelsea, adding that it “could be an interesting one in the final days”.

One advantage Arsenal have is the fact the player was a boyhood fan of the club, naming the Gunners as his favourite team in England.

Mikel Arteta and Edu Gaspar may be relying on Neto to help push a transfer through in the final nine days of the window.

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Arsenal fan since a young age, now a season ticket holder who enjoys writing, tweeting and making videos about the Gunners.