As the talks move along favorably, Arsenal told Cancelo their asking price.

FootballTransfers can report that discussions between Arsenal and Joao Cancelo about a prospective transfer are going well. The Portuguese have been a target for Mikel Arteta’s team for some time, and as we exclusively revealed in May, Cancelo and Arsenal left-back Kieran Tierney have been the topic of transfer talks between Arsenal and Manchester City for some time.

We’ve been informed that Man City is seeking roughly £45 million (€53 million) for the full-back, which is in line with FootballTransfers’ Expected Transfer Value (xTV) of €55.6 million. According to our information, in the upcoming days, Arsenal plans to make a £35 million opening offer.