Manchester City, Newcastle United 'learn Pedro Neto asking price'

The 24-year-old has just endured another injury-hit campaign for the West Midlands outfit, suffering two separate hamstring issues.

As a result, the Portugal international has been limited to 18 starts and two substitute outings in the Premier League, the playmaker able to make his latest return in the final game of the season at Liverpool.

However, Neto's season, at least in terms of his numbers, can be viewed as a positive one, with two goals and nine assists coming from just 1,521 minutes of top-flight football.

Despite sitting out half the season, Neto finished just four assists shy of Ollie Watkins (13) in first place, highlighting his effectiveness for Wolves.

Summer transfer remains a possibility

In his last three campaigns, Neto has failed to make more than 20 appearances in the Premier League, numbers which indicate that any interested clubs may be taking a risk if they choose to firm up their interest.

Nevertheless, they are also aware that Wolves are not in the most favourable position when it comes to the Premier League's Profit and Sustainability regulations.

According to The Telegraph, owners Fosun International are willing to do business at £60m if any club expresses the intention to make a formal bid.

The report suggests that Wolves are unwilling to budge on that stance, particularly when Neto still has three years on his contract.

Manchester City, Newcastle United monitoring the situation

Each of Premier League champions Manchester City and Newcastle United are allegedly contemplating whether to make a move for Neto.

Both teams are currently well stocked for players who can operate on the flanks, throwing into doubt whether they would be willing to meet Wolves' demands.

That said, Man City may be prepared to cash in on the likes of Jack Grealish should a suitable offer arrive, while Newcastle would have money to reinvest if they sold either Bruno Guimaraes or Alexander Isak.

Neto's overall Premier League record reads 11 goals and 20 assists from 111 appearances, not necessarily the numbers that keep Wolves in a strong position to recoup £60m.

On the flip side, Gary O'Neil does not want to lose one of his key players and could generate funds from elsewhere, such as through Yerson Mosquera and Fabio Silva, if he wishes to make any notable additions.