Yahoo News Man City and Newcastle United told what it will cost to lure Pedro Neto away from Wolves
Wolves are said to be eyeing a club record transfer fee amid significant summer interest in star man Pedro Neto.
The Premier League season has not yet been over for a full 24 hours, but already speculation has emerged around the 24-year-old Portugal international winger.
Neto shrugged off an injury-hit 2023/24 season to score two goals and provide assists for nine others in his 20 appearances, playing starring roles in high-profile victories over the likes of Manchester City, Chelsea and Tottenham.
And that has apparently sparked interest in Neto from champions Man City and Newcastle United, but Wolves are reported to be seeking a fee of £60m for his services.
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The Telegraph says Wolves are braced for offers for Neto this summer, but “will seek a huge fee despite his issues with injuries this season”.
Reporter John Percy adds: “Wolves are under no pressure to raise money to avoid breaching the Premier League’s profitability and sustainability rules this summer after their £140 million-plus sales last year.
“Matheus Nunes, Ruben Neves, Raúl Jiménez, Nathan Collins and Conor Coady were the high-profile exits last summer as Wolves took drastic action to prevent breaking the financial regulations.
“Yet head coach Gary O’Neil is aware that reshaping his squad ahead of next season will depend on a significant sale, with Neto admired by a number of clubs.”
Neto joined Wolves from Braga in August 2019 and has already made well over a hundred top-flight appearances for the club, but injuries have taken their toll, and he only returned following his latest nine-game absence for the season finale against Liverpool on Sunday. He is under contract until 2027.
Percy adds: “Wolves agreed a record £53m deal with Manchester City last September for Matheus Nunes and will only consider offers of £60 million for Neto. Wolves believe his value remains very high and will demand a fee that reflects his ability.”
Only last week, O’Neil admitted he would have to sell before he could bring players in this summer.
“I don’t think there will be money available to us if nobody leaves. If we decided not to sell a big player there may be some bits and pieces we can do. We have some players out on loan that have value and we might be able to do some bits.
“The club is expected – in the foreseeable future, maybe not long-term future – to be able to fund itself so we need to be able to work with that.
“Of course these things can change so I’m not committing either way, but I wouldn’t expect it to be a summer where we spend millions of the club’s own money on players.
I think it won’t be the same as last year where we have to sell loads and make a huge profit, but I wouldn’t expect it to be a spending spree.”
