On August 3rd, a report from ESPN journalist Gustavo Hofman claimed that Real Madrid have offered Vinicius an annual salary of €22 million in a contract renewal proposal, but that still falls short of the player's demands.

According to Hofman, after this summer's World Cup, Real Madrid contacted Vinicius' agents and restarted contract renewal talks between the two sides that had been stalled for nearly a year. Compared with the annual salary discussed around two years ago, Real Madrid's current offer has been increased slightly, reaching €22 million.

Even so, that is still well below Vinicius' demand for an annual salary of 30 million euros. The report also states that Vinicius' current contract with Real Madrid expires next June, that the Brazilian currently earns 17.5 million euros per year, and that Arsenal are also closely monitoring the conditions.