Manchester City and Liverpool are set to compete for the signature of Pedro Neto, who is valued at £60 million, according to reports.

In a highly anticipated transfer battle, Manchester City and Liverpool are reportedly vying for the signature of Wolverhampton Wanderers forward Pedro Neto. The 24-year-old Portuguese international has been in exceptional form this season, contributing nine assists and helping his team secure a top-half position in the Premier League.

According to The Telegraph, Neto’s price tag is expected to exceed £60 million, making him a highly sought-after player in the upcoming summer transfer window.

Neto’s impressive performances have caught the attention of several Premier League clubs, but it is Manchester City and Liverpool who are said to be closely monitoring his progress. Both clubs have a history of successful signings from Wolves, with City having acquired Neto’s former teammate Matheus Nunes last summer. Liverpool, on the other hand, made a shrewd move for Diogo Jota in the past. However, the Reds’ pursuit of Neto may be complicated by their ongoing search for a sporting director and the impending arrival of a new manager next season.

Meanwhile, Brentford may need to reconsider their valuation of star striker Ivan Toney as his contract enters its final 12 months. The Bees have reportedly set a price tag of £100 million for the England international, attracting interest from Arsenal and Chelsea. However, both London clubs are finding it difficult to justify meeting this hefty asking price. Arsenal’s financial restrictions due to Premier League PSR rules have hindered their pursuit, while Chelsea’s hierarchy is divided, with some preferring a younger striker with greater potential. With Brentford keen to sell Toney this summer, they may need to lower their demands, with a more realistic transfer valuation of £60 million being suggested.

In other news, Manchester United youngster Kobbie Mainoo could be in line for a significant pay rise and a new contract. The 18-year-old midfielder has impressed at Old Trafford this season, earning regular first-team appearances. As a result, United are considering tearing up Mainoo’s current deal and offering him a new contract worth £60,000 per week. The teenager is already tied down until 2027, with the option of an additional year. Talks have begun regarding fresh terms that would keep Mainoo at the club until June 2030, recognizing his exceptional performances in what has otherwise been a disappointing season for the Red Devils.