Wolverhampton Wanderers are still negotiating with Arsenal over a move for goalkeeper Aaron Ramsdale, according to the BBC.
The England international could cost the Midlands club around £20 million, with an initial loan offer made last week.
All parties want to finalise the deal quickly, but it is a complex and expensive transfer, especially given Wolves’ debilitating finances.
Ramsdale has been the subject of interest from several clubs this summer, including Ajax, Southampton, and Bournemouth. However, he is more likely to join Wolves, who are reportedly willing to cover a portion of his wages.
Arsenal would prefer a permanent sale rather than a loan for the 26-year-old, and it remains to be seen how the clubs will get the deal over the line.
The former Sheffield United star has fallen behind David Raya in the pecking order at the club.
After shaky performances in the 2022/23 Premier League title run-in, manager Mikel Arteta signed Raya.
The Spanish shot-stopper was a crucial part of the Arsenal defence that conceded the fewest goals in the Premier League last season, and they are yet to concede this term.
Ramsdale joined Arsenal from the Blades for £24 million in 2021 and has two years remaining on his contract at Emirates Stadium but wants regular first-team football.
Wolves are not expected to spend big in the final week of the transfer window, but the recent 6-2 defeat to Chelsea is a wake-up call.
O’Neil started just one of their measly four summer signings, Jorgen Strand Larsen, in the loss and emphasised the importance of being comfortable with the squad once the transfer window closes.
He also acknowledged the challenges of competing in the Premier League after selling key players like Pedro Neto and Max Kilman.
Wolves were also interested in Burnley winger Luca Koleosho but could not agree a deal with the Clarets, who rejected their £20 million offer last week.
