Wolverhampton Wanderers have reportedly reached a decision over their asking price for Pedro Neto.
Although injuries have sometimes altered the progression of the winger at Molineux, he is now widely considered to be one of the club's key players.
A total of three goals and 10 assists have been recorded from 18 appearances in all competitions during 2023-24, taking him to 14 strikes and 23 assists from 129 outings since his arrival in 2019.
Neto possesses a contract at the West Midlands outfit until 2027, keeping them in a strong position when it comes to determining his future.
However, Wolves are also in a position where they must continue to ensure that they meet all FFP requirements, something which they bolstered over the past two transfer windows.
While there will be wider room to spend during the summer, Wolves are also aware that they may be able to be benefit in the long term from maximising Neto's valuation at the end of the season.
According to Football Insider, a number of interested clubs have learned that they will have to pay in excess of £50m to sign the 23-year-old.
The report suggests that a fee of £60m may be required if Wolves receive considerable concrete interest in the player's signature.
Liverpool have been the latest club linked with Neto at a time when there remains doubt over whether Mohamed Salah will pen fresh terms at Anfield, particularly when Jurgen Klopp will leave his role at Anfield at the end of the season.
Manchester City are also being linked with an approach for Neto, although they may also have to part ways with one of their current incumbents for that position to free up a space in their squad.
Wolves are no strangers to doing business with either club, Matheus Nunes having been sold to City last summer and Diogo Jota making the switch to Liverpool in 2020.
Arsenal are said to be strong contenders for Neto and are also contemplating whether to follow up their initial interest in the playmaker with a big-money bid.
Earlier this week, it was claimed that the Gunners had a scout present to watch Neto play against Brentford on Saturday, a game which Wolves lost 2-0.
