Wolves' Pedro Neto asking price 'revealed' and it's £15m less than Arsenal want to offer

Wolves star Pedro Neto continues to be linked with a summer transfer to Arsenal.

The Gunners have splashed in excess of £110 million on five first-team players during this window, bringing in Matt Turner, Marquinhos, Fabio Vieira, Gabriel Jesus and Oleksandr Zinchenko. With less than two weeks until transfer deadline day, time is running out for additional business but The Athletic have now reported that Mikel Arteta's side are looking to bring in a winger to replace the departing Nicolas Pepe and the aforementioned Neto is the club's first choice.

However, according to Daniel Cutts of The Sun, the Portuguese attacker would command a fee of £50 million this summer, £15 million more than what Arsenal are willing to offer. Writing on Twitter, Cutts said: "Arsenal have already held initial talks over a move for Pedro Neto.

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"#AFC want to pay £35m, Wolves want around £50m. No official bid yet, but Mikel Arteta a huge fan of the winger."

Neto is able to operate on both flanks, meaning he could provide competition for both Bukayo Saka and Gabriel Martinelli, who have started all three of Arsenal's opening three Premier League outings.