Wolves set club-record asking price for Manchester City transfer target amid Arsenal and Tottenham competition

Manchester City summer transfer target Pedro Neto could cost a record-breaking sum, as Premier League rivals consider a move for the Wolves forward.

Wolves and Manchester City could be set to complete major transfer business for the second consecutive summer transfer window, with Etihad chiefs interested in signing versatile forward Pedro Neto less than one year after completing a deal for Matheus Nunes.

City completed a £53 million Deadline Day deal to sign Nunes in September, as the Portugal international became Manchester City’s fourth and final addition of the 2023 summer transfer window.

The 25-year-old has made 20 appearances since swapping Molineux for the Etihad Stadium, and has featured in the Blues’ recent wins over Burnley, Everton and FC Copenhagen.

Nunes moved to Manchester City after just one season in the Premier League, with the midfielder having completed a club-record move to Wolves from Sporting Lisbon in 2022.

Wolves are reportedly eying another record deal this summer, as Premier League clubs continue to monitor the progress of Neto, after another impressive campaign from the 23-year-old forward.

Neto has been directly involved in 10 goals in 15 Premier League appearances already this season, and the Portugal international’s ability to play out wide and in midfielder could be significant to City, as the Sky Blues face the prospect of potentially losing Bernardo Silva at the end of the campaign.

Neto could cost £60 million next summer, with Wolves demanding more than the £53 million Manchester City paid for Nunes, according journalist Nizaar Kinsella.

Both Arsenal and Tottenham are interested in signing the forward, as Wolves seek a club-record transfer fee for the 23-year-old.

Neto is contracted at Molineux until 2027 and player sales last summer have reportedly left Wolves in a strong negotiating position in anticipation of bids from Premier League sides.

Manchester City are expected to be active in the transfer window ahead of the next campaign, with Bayern Munich’s Joshua Kimmich also mooted as a potential transfer target.

Stefan Ortega’s future is additionally subject to doubt, as the German goalkeeper considers a potential transfer for regular first-team minutes.