According to the latest report from Newcastle local media outlet The Chronicle, Arsenal believes £65 million would be sufficient to sign Guimarães, but no formal offer has been made yet.

Arsenal reportedly believes £65 million would be enough to secure Guimarães. However, they have not yet tabled any formal offer. Should Newcastle receive substantial bids for both Tonali and Guimarães that meet their valuation, an injection of approximately £165 million would significantly alter Eddie Howe's transfer strategy. Currently, his budget remains limited.

There has been no direct contact between the clubs regarding Guimarães's transfer; all discussions have taken place through intermediaries. Reports that Arsenal was preparing a £45 million offer for Guimarães were quickly dismissed by those close to the deal.

Newcastle's position on Guimarães is unambiguous. Eddie Howe is unwilling to sell the team captain, and the club has explicitly stated that the Brazilian midfielder is "not for sale." Guimarães himself has remained silent on the matter, and his agent has not commented on recent speculation surrounding the player's future.

Arsenal's assessment is that any offer for Guimarães exceeding £50 million represents good value, as his market worth could decline over the final two years of his contract if he does not sign a new deal.

Newcastle has not offered Guimarães a contract extension in the past 12 months, leaving his future uncertain. He has since departed to participate in Copa América, though Newcastle's management confirmed that Guimarães's current contract contains two remaining years.

Following a formal bid of approximately £80 million from Tottenham Hotspur for Tonali on 20 June, Newcastle has not received a follow-up offer. The bid was immediately rejected, and Newcastle denied reports that Spurs were encouraged to increase their offer to £85 million.

Tottenham will need to bid closer to £100 million to sign Tonali. The midfielder is reportedly open to Spurs' £275,000-per-week wage package, and his agency GR Sports will take a 10% cut of the transfer fee.

These financial terms deterred Arsenal, prompting them to shift focus to Guimarães. Newcastle's lack of European football and precarious financial situation have made their star players increasingly attractive to other clubs.

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