Arsenal and Liverpool are both monitoring a potential move for Chelsea winger Pedro Neto as the summer transfer window enters its final stretch.
The Portuguese international was one of Chelsea’s standout performers last season, registering 20 goal contributions across all competitions in 2025/26.
Chelsea have brought in nine new players during the current window but face pressure to move players on to balance their accounts and accommodate recent additions to their squad.
Liam Delap and Nicolas Jackson have both been placed on the market, yet interest has unexpectedly emerged in one of the club’s most productive attackers in Neto.
According to The Chelsea Chronicle, Arsenal and Liverpool are keeping tabs on a potential deal for Neto as both clubs look to strengthen their attacking options before the Premier League begins.
Chelsea have set an asking price of roughly £75 million for the 26-year-old, though both interested clubs would prefer a loan arrangement with more favourable purchase terms rather than paying the full fee upfront.
Liverpool manager Andoni Iraola has acknowledged that his side need to improve their squad depth, with multiple areas of the team still requiring reinforcement heading into the new season.
Arsenal are also chasing Paris Saint-Germain star Bradley Barcola, and securing that deal could reduce their appetite for Neto, potentially opening the door further for Liverpool to move first.
Liverpool could view Neto as a more cost-effective and pragmatic solution, given his proven ability to operate effectively on either flank in the Premier League.
His previous experience in England with both Chelsea and Wolverhampton Wanderers gives Liverpool strong confidence in his ability to adapt and contribute immediately at Anfield.
With Chelsea absent from next season’s Champions League, Liverpool hold a significant advantage by offering Neto both regular first-team football and European competition.
Whether Liverpool are willing to commit the full £75 million or hold firm on a loan arrangement remains the central question as the transfer deadline approaches.