**Chelsea have reportedly placed a £70million valuation on Pedro Neto as Manchester City consider a move for the Portugal international.**
The Blues do not want to sell the winger, although a significant offer could change their position.
A deal taking Pedro Neto to Manchester City would also reunite him with former Chelsea head coach Enzo Maresca. [SunSport reports](https://www.thesun.co.uk/sport/39936657/man-city-pedro-neto-bid-chelsea-transfer-maresca/) are exploring a deal after Maresca made clear he would like to work with Neto again.
AC Milan are also interested, while the 26-year-old is understood to be open to both clubs.
Chelsea signed Neto from Wolves for £54m in August 2024. He has since made 103 appearances for the Blues, scoring 19 goals, and started 30 matches last season. Neto to Manchester City could leave Alonso with major decision
Chelsea reportedly consider Neto an important member of Xabi Alonso’s squad and are in no rush to sanction his departure. However, their £70m valuation would represent a sizeable return on the fee paid two years ago.
The attacking picture at Stamford Bridge has also changed significantly this summer. Morgan Rogers arrived from Aston Villa for £117m, while Estevão, Jamie Gittens and Geovany Quenda provide further competition across the forward positions.
Mykhailo Mudryk has now returned to the first-team picture after almost 20 months without a competitive appearance. [ReadChelsea analysed how Mudryk could fit into Alonso’s attack](https://readchelsea.com/2026/07/31/how-mykhailo-mudryk-could-fit-into-xabi-alonsos-chelsea/) confirmation that he is expected to rejoin the squad during pre-season. reased competition gives Chelsea more flexibility if a substantial proposal arrives for Neto.
However, selling a proven Premier League winger directly to Manchester City would carry an obvious risk.
Neto offers pace, width and experience on either flank, while Alonso is still building his first Chelsea attack. Unless City reach Chelsea’s reported £70m valuation, keeping the Portuguese forward appears the safer option.
The Pedro Neto to Manchester City situation could therefore depend on how strongly Maresca pushes for a reunion and whether City turn their interest into a formal offer.