According to the latest reports from Newcastle local media The Chronicle, Arsenal believes £65m would be sufficient to sign Guimarães, though no official bid has been made yet.

Arsenal is believed to think £65m would be enough to secure Guimarães, but they have yet to submit any official offer. If Newcastle receives substantial bids for both Tonali and Guimarães at prices meeting their demands, an injection of around £165m in cash would certainly change manager Eddie Howe's transfer strategy, though his current budget remains constrained.

There has been no direct contact between the clubs regarding a Guimarães transfer, with all discussions conducted through intermediaries. Reports that Arsenal was preparing a £45m bid for Guimarães were quickly dismissed by those close to the deal.

Newcastle's stance on Guimarães remains firm; Eddie Howe is unwilling to sell his captain, and the club has made clear that the Brazilian midfielder is "not for sale." Guimarães has remained silent on the matter, and his representatives have not addressed recent speculation about the player's future.

Arsenal's view is that any offer for Guimarães exceeding £50m would represent good value, as his market value would diminish over the final two years of his contract unless he signs a new deal.

Newcastle has not offered Guimarães a new contract in the past 12 months, creating uncertainty about his future. He is currently away at the World Cup. However, Newcastle's senior leadership has indicated that Guimarães' current contract still has two years remaining.

Following an official bid of around £80m from Tottenham for Tonali on June 20, Newcastle has received no new offers. That bid was immediately rejected, and Newcastle denied reports that Tottenham was asked to submit a higher bid of £85m.

Tottenham would need to offer close to £100m for Tonali. Tonali himself is said to have accepted Tottenham's weekly wage offer of £275,000, with his representatives at GR Sports set to receive 10% of the transfer fee.

These terms have deterred Arsenal, prompting them to shift their attention to Guimarães. With Newcastle ineligible for European competition, facing financial instability, and in a precarious PSR position, this has drawn interest in their star players.

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