According to the latest report from Newcastle-based outlet The Chronicle, Arsenal believe £65 million is sufficient to recruit Guimaraes, but no formal offer has been submitted.

Arsenal reportedly believes that £65 million would be enough to sign Guimaraes, though they have not yet made a formal bid. Should Newcastle United receive substantial offers for both Tonali and Guimaraes that meet their valuation, an injection of around £165 million would undoubtedly reshape Eddie Howe's transfer strategy. However, their current budget remains limited.

There has been no direct contact between the clubs regarding Guimaraes' transfer; all discussions have been conducted through intermediaries. Rumours of Arsenal preparing a £45 million offer for Guimaraes have been quickly dismissed by sources close to the deal.

Newcastle United's stance on Guimaraes remains firm; Eddie Howe is unwilling to sell his captain, and the club has explicitly stated the Brazilian midfielder is "not for sale." Guimaraes himself has remained silent on the matter, and his agent has not responded to the latest rumours about the player's future.

Arsenal's view is that any offer for Guimaraes exceeding £50 million would represent good value, as his worth could decline over the next 24 months unless he signs a new contract.

Newcastle United has not offered Guimaraes a new contract in the past 12 months, leaving his future uncertain. He has since departed to participate in the Copa America; however, Newcastle United officials have indicated that Guimaraes' current contract still has two years remaining.

After rejecting a formal offer of approximately £80 million for Tonali from Tottenham Hotspur on 20 June, Newcastle United has not received any new bids. Rumours that Tottenham was asked to submit a higher offer of £85 million have been denied by Newcastle United.

Tottenham Hotspur would need to offer nearly £100 million for Tonali, who is reportedly receiving a weekly salary of £275,000 from Spurs, with his agency, GR Sports, taking a 10% cut of the transfer fee.

These demands have made Arsenal hesitant, prompting them to turn their attention to Guimaraes. Newcastle's lack of European football next season, coupled with their fragile financial situation and difficult league position, has heightened interest in the club's star player.

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