On August 28 (CEST), renowned transfer expert Fabrizio Romano updated his podcast with the latest transfer developments. These include news that Arsenal's star Gabriel Martinelli's move to Al-Hilal is in its final stages, Arsenal's continued interest in signing Julián Álvarez, and Manchester United's plans to sign an experienced left-back and striker before the transfer deadline. Here is the full content of this podcast:

Martinelli's Move to Saudi Arabia Imminent

"Let's start from London. The latest news I can give you this morning regarding Arsenal is that Gabriel Martinelli's move to Al-Hilal is now in its final stages. From what I understand, Martinelli agreed to Al-Hilal last night. So personal terms between Martinelli and Al-Hilal have now been reached."

"After discussions with his agency Roc Nation, his family, and close associates, Martinelli said, 'Okay, I'm ready, I want to join Al-Hilal.' Now both sides are finalizing the contract details. The players' lawyers are exchanging all documents with the club and confirming contract terms, details, and other matters. There are still some details to finalize, but the green light is on for Martinelli's move to Al-Hilal, and he is ready to leave."

"Now Arsenal and Al-Hilal are negotiating the transfer fee. Al-Hilal initially offered a total of £50-55 million, while Arsenal's asking price is £60 million. So the gap between the two sides is not large, and the deal is expected to be completed soon. After signing Summa a few weeks ago and triggering 'Here we go' for Watkins about 48 hours ago, Al-Hilal is now ready to finalize Martinelli's signing. This is an important transfer because Martinelli, as a Premier League champion and Champions League finalist, would be a significant reinforcement for Al-Hilal and their manager Ancelotti."

Gabriel Jesus's Future Uncertain; Exit Likely

"Meanwhile, another Brazilian player could also leave London. Everyone should pay attention to Gabriel Jesus. There are still developments happening regarding him. Manager Arteta's recent comments in the last 24 hours have been very candid. He said a 'decision needs to be made.' It's clear that Gabriel Jesus is not currently training normally with Arsenal's first team due to overcrowding in the forward position. So at this stage, it's very likely that Gabriel Jesus will leave Arsenal before the summer transfer deadline."

"Now his contract expires in the summer of 2027, so let's see what happens next. We must respect the player's wishes, but for now Arsenal is actively trying to find a solution for him. Napoli is indeed a potential destination, but due to Italian league regulations, Napoli would need to move out existing players to bring in someone like Gabriel Jesus, which is not easy. Additionally, more clubs are contacting his agent, and Gabriel Jesus's situation is certainly worth monitoring closely."

Arsenal Haven't Given Up on Álvarez; Waiting for a Breakthrough

"Now, everyone, I know we've been following this situation for days and many may not believe it, but I still have to tell you: Arsenal have been pursuing Julián Álvarez. Arsenal are still in the picture, they are waiting, and they have a strategic plan. I think this is a viable strategy. Arsenal are not just sitting idle. Behind the scenes they are actively pushing because they must respect the player, his family, and his agent, and the final decision rests with the player. So Arsenal have no choice but to wait, but while waiting they remain very active in behind-the-scenes conversations."

"According to my information, Arsenal have made it clear to Atlético that they are ready to negotiate and reach an agreement. After selling Martinelli – with the final fee somewhere between £50-60 million – combined with the funds Arsenal have accumulated over recent months, Arsenal have sufficient financial flexibility to move for Julián Álvarez. Arsenal are ready to sit down with Atlético and reach a deal at any time."

"Now they are waiting for Julián Álvarez's decision. With only 4-5 days left in the transfer window, a turning point could happen at any moment. Imagine this – I know football and the transfer market sometimes feel like another world, but this is reality – if at any point Julián Álvarez or his agent calls Arsenal and says 'Okay, we want to come to Arsenal. There's no other way,' Arsenal would be ready immediately. So be prepared for this situation. It's not impossible."

"Arsenal have been waiting for Julián Álvarez, and we must continue to monitor the situation, but everything depends on the player's decision. Today, tonight, over the last few hours, Julián Álvarez has been saying 'I only want to go to Barcelona, Barcelona is my dream,' but Arsenal are holding their ground with patience."

"Let's see what happens. Atlético's president Cerezo made a very strong public statement after the Champions League group stage draw. Regarding Julián Álvarez's situation, Cerezo said, 'As long as I'm here, as long as I'm Atlético's president, Julián Álvarez will not go to Barcelona.' This is not just about this transfer window – he's saying it will be impossible during his tenure, sending a very strong signal. However, regarding other clubs, he said if the player doesn't want to stay in Madrid, Barcelona is not an option, but we are willing to find solutions with other clubs."

"Atlético's message is very clear. If Julián Álvarez wants to leave, Arsenal, by all means let's talk. They clearly want to keep Julián Álvarez and are very eager to continue working with him, but if Julián Álvarez requests to leave, they know Arsenal are there. So the decision is entirely in Julián Álvarez's hands. Nobody should underestimate the possibility of him joining Arsenal."

Manchester United Preparing Late Window Business: Targeting Left-Back and Potential New Striker

"Finally, Manchester United. Everyone, I think Manchester United will be very busy in the final 4-5 days of the transfer window. I'm confident that Manchester United are still actively looking for a solution at left-back. They are trying to sign a new left-back. I wouldn't be surprised if they eventually sign a player who almost guarantees immediate impact. It may not be a superstar like Varane. They considered Varane and called Jorge Mendes a week ago, but the transfer fee and wages for that deal were too expensive, so Manchester United will not pursue it, at least for now."

"I'll update you immediately if there are changes later. But to compare, do you remember when Manchester United loaned Reguilón from Tottenham? That's the type of signing. I'm not saying specifically Reguilón, but rather an experienced left-back with international-level ability who can provide competition within the squad. Manchester United are currently exploring this type of option. So I would expect left-back to be a position Manchester United want to strengthen before the deadline, and I expect them to complete a signing in that position."

"Also, there's the striker position. If Joshua Zirkzee leaves – as I reported yesterday morning, Fiorentina are currently pushing hard with an official proposal including a €5 million loan fee and a purchase option – and with more clubs getting involved, whether Juventus comes back to the negotiating table after selling Canadian striker Jonathan David or other clubs get involved in the bidding, as long as Joshua Zirkzee leaves, Manchester United will need to sign a new striker. So Manchester United will definitely make moves in the striker position depending on Joshua Zirkzee's situation."

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