Arsenal went on the hunt to find a wide forward to support and compete with Bukayo Saka in the summer of 2022 and were linked with numerous targets. However, a blow to Mohamed Elneny in the final week of the transfer window led to the club pivoting to focus on a deal for Douglas Luiz that eventually proved too late to complete.
One of the potential wide players the club looked at was Wolves winger Pedro Neto. According to The Athletic, intermediary Jorge Mendes was at the centre of talks over a potential move from Wolves to Arsenal.
However, with the injury to Elneny and the asking price deemed too high, Arsenal opted against the move. Daniel Cutts suggested that Arsenal wanted to pay in the region of £35m compared to Wolves’ demands of around £50m.