It’s been a tough start to the summer transfer window for Newcastle having missed out on several targets while also losing Anthony Gordon and Sandro Tonali.
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Captain Guimaraes, 28, has also been heavily linked with a move to Premier League champions Arsenal, although Newcastle are reluctant to sell.
According to The Times, Arsenal have now opened talks with Eddie Howe’s side regarding a potential move for the Brazil international.
Buoyed by a new sponsorship deal with Emirates that could be worth up to £70 million and a drive to increase corporate ticket income, Arsenal have plenty of cash to burn this summer.