Arsenal: 'Very high chance' of bid for £50m star at the Emirates

Arsenal could lure Wolverhampton Wanderers star Pedro Neto to the Emirates Stadium as there is a ‘very high chance’ of a late bid being lodged, according to transfer insider Dean Jones.

The Gunners have spent close to £120million on freshening up boss Mikel Arteta’s squad, but further reinforcements may be drafted in ahead of the 11pm deadline on September 1.

With French outfit Nice signing Nicolas Pepe on a season-long loan, the chances of a new winger heading to Arsenal have increased.

According to The Athletic, Wolves talisman Neto has been identified as Arteta’s top target ahead of the transfer window slamming shut.

The report suggests agent Jorge Mendes has been liaising with the Gunners and Wolves separately while discussions over the three-cap Portugal international have been taking place for more than a month.

It is understood that it will be difficult for Arsenal to reach an agreement with Neto’s current employers ahead of the fast-approaching deadline because as much as £50million could be demanded for his services.

Wolves are in a strong negotiating position and there is no reason for them to lower their financial expectations as the 22-year-old only penned a new five-year contract at Molineux in March.

Jones believes there is a distinct possibility that Arsenal will look to test Wolves’ resolve over Neto by tabling an offer before the summer window slams shut.

The transfer insider feels the Portuguese star would be a huge success at the Emirates Stadium and fit into Arteta’s squad seamlessly.

Jones told GIVEMESPORT: “There’s a very high chance that they will actually bid for him.

“He has the technical style that you need to play in the Arsenal system. He also has a directness that I think would bring an edge