Transfer: Chelsea inform Man City of Pedro Neto’s asking price

Chelsea have set a £70 million asking price for Pedro Neto amid significant interest from Manchester City this summer.

Neto has become one of City’s main attacking targets after scoring five goals and providing six assists during Chelsea’s challenging Premier League campaign last season.

The 26-year-old joined the Blues in a transfer valued at approximately £51 million in 2024 and has contributed to the west London club’s victories in both the Europa Conference League and the Club World Cup during his tenure.

This weekend, he was seen boarding a flight to Hong Kong to join Xabi Alonso’s squad for their pre-season match against Juventus on Wednesday.

According to The Sun, however, Neto’s time at Chelsea may be coming to an end, as City are preparing to test their rivals’ determination with a substantial initial offer for the Portugal international.

It is reported that City head coach, Enzo Maresca has played a pivotal role in Chelsea’s potential move to acquire Neto, having previously collaborated with the winger during his 18-month tenure at Stamford Bridge.

The report further suggests that City might need to fend off interest from Serie A powerhouses AC Milan for Neto, but a deal could be reached with an offer around £70 million before the transfer deadline.

Milan have prioritized Neto on their list of wingers as they prepare for the potential exit of Rafael Leao ahead of the upcoming season.

Chelsea consider Neto a vital part of their squad and locker room, but they acknowledge that a significant offer could change their position regarding the forward’s future.

Neto’s agent Jorge Mendes has also offered Neto to Al-Hilal but the player has major reservations about moving to the Saudi Pro League and wishes to continue playing at the highest level.

Though a regular starting spot may not be immediately guaranteed at City, the former Braga and Wolves star is said to be ‘open’ to the idea of leaving Chelsea for the Etihad.

Neto’s current contract with Chelsea is not due to expire until June 2031.