According to the latest report from Tom Canton, a reporter at London Football Network, Arsenal and Al-Hilal are moving closer to reaching an agreement on Martinelli's transfer, with the fee exceeding £50 million.
It is reported that Arsenal and Al-Hilal are edging towards finalizing a deal for Martinelli's transfer. Negotiations between the two clubs have been ongoing, and all parties are now optimistic about reaching a conclusion.
The transfer fee is expected to exceed £50 million, which would represent a record transfer sale for Arsenal. The current record stands at £35 million, set by Alex Oxlade-Chamberlain when he joined Liverpool in 2017.
Martinelli has only one year remaining on his current contract with the club, though it does include a one-year extension option. The Brazilian winger participated in Arsenal's pre-season preparations but was excluded from the squad for the FA Community Shield and the Premier League opener against Coventry.
Mikel Arteta has spoken with the player regarding the decision to leave him out of the squad. Earlier, Galatasaray had shown interest in Pedro Neto but withdrew due to Chelsea's asking price being too high. Subsequently, Al-Hilal also became interested in Pedro Neto.
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