Arsenal are reportedly pursuing Chelsea winger Pedro Neto before the January transfer window, with Manchester City and Saudi club Al-Hilal also interested in the 26-year-old Portuguese international. Neto joined Chelsea from Wolverhampton Wanderers for £54 million in August 2024 and has since made more than 100 appearances, producing roughly 40 goal involvements across all competitions. He has scored twice in five appearances under new manager Xabi Alonso, who has shifted him from his natural right-sided attacking position into a wing-back role. Chelsea value Neto between £60 million and £100 million, while some European outlets have cited €70 million to €80 million. Interest during the summer was reportedly discouraged by demands approaching £100 million, but Chelsea’s willingness to consider offers above £60 million suggests the new long-term contract does not make him untouchable. Neto signed that six-year extension on September 11, 2026, tying him to Chelsea until 2032. His role under Alonso could influence whether suitors gain an opening, while Al-Hilal may be able to offer financial terms beyond Premier League reach, although Neto’s age and ambitions could make a Saudi Pro League move less attractive.