3 months ago
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Chelsea have agreed a deal with Wolves to sign long-term Arsenal target Pedro Neto as their summer spending spree continues.
The Athletic report that an initial fee of £51.4m has been agreed, with £2.57m in bonuses to come if the Portuguese winger meets targets.
The 24-year-old has agreed a salary with the west London club and a medical is due in the near future with the deal all but finalised.
The Portugal international has been at Wolves since 2019 when he signed from Braga, scoring 14 goals in 135 appearances across all competitions.
Neto has long been linked with a move away from Molineux, with Arsenal heavily linked and Manchester City touted as a possible destination for him.
However, Chelsea have won the race for his signature as they keep spending big during the current transfer window.
More to follow…
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