Arsenal quoted fee to sign Pedro Neto

Arsenal have been told to pay around £50m to sign Wolverhampton Wanderers winger Pedro Neto this summer.

The Gunners have identified the Portuguese as their priority attacking target, but he won't come on the cheap for them.

He only signed a new deal earlier this year, and Express Sport claim that Wolves want at least £50m for his services.

Arsenal, on the other hand, are reluctant to pay more than £34m for his signature, and they may look at alternatives.

Villarreal's Yeremy Pino continues to remain on their radar as an alternative while the club are working on other targets.

Arsenal are keeping their options beneath the radar, and there could be a surprise signing before the transfer deadline.

Arsenal have made a tremendous start to the current campaign with three straight wins, their best beginning since 2004.

They face Fulham at the Emirates Stadium on Saturday evening before hosting Aston Villa in front of their fans in midweek.