Transfer news latest: Arsenal meet Pedro Neto’s agent over move to replace Nicolas Pépé

Arsenal are interested in signing the Wolverhampton Wanderers winger Pedro Neto as a replacement for Nicolas Pépé.

The Times understands that Arsenal have been in discussions with the 22-year-old’s agent, Jorge Mendes, over a potential deal but the finances around any such deal would make it complicated.

Wolves do not want to sell the Portugal international and value him between £50million and £60million. Arsenal have already had a busy summer bringing in Gabriel Jesus, Oleksandr Zinchenko, Fábio Vieira and Marquinhos so it is unlikely that they would be able to match Wolves’ huge valuation.

There have been no talks between the two clubs over a potential sale and it is likely that Arsenal would have to sell to be able to fund such a big