ESPN says the winger remains on the Saudi wish list.
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Representatives of the Saudi investment fund, PIF, continue to express interest in a deal with the 24-year-old.
The PIF controls four clubs in the Saudi Premier League: Al-Hilal, Al Nassr, Al-Ittihad and Al Ahli.
And informal talks were held with Vinícius Júnior's representatives in December. But no formal proposal is said to have been tabled.
The 24-year-old has a contract with Real Madrid that runs until the summer of 2027.
