Arsenal 'are still in talks over a £35million move for Wolves midfielder Ruben Neves'.
Neves' agent Jorge Mendes has been in contact with Arsenal's technical director Edu over a potential move but the price tag remains a stumbling block.
Portugal international Neves, 24, has two years remaining on his Wolves contract but the Molineux club are prepared to sell in order to raise funds for other targets this summer.
Arsenal, meanwhile, will need a midfielder if Granit Xhaka leaves and Neves has been identified as one potential player who could partner Thomas Partey.