Man City set Joao Cancelo asking price as Arsenal & Chelsea target makes final decision on next transfer destination after loan stint at Barcelona

According to Sport, City will demand €40 million (£34m/$43m) for Cancelo this summer. However, given Barcelona's financial woes, they will not be able to match this asking price. Despite this, negotiations are gradually progressing, thanks to the efforts of agent Jorge Mendes.

As things stand, there are two options: a straightforward transfer this summer or a deal with an option to buy in 2025. As Cancelo remains determined to continue his career at Barcelona, Mendes is trying to figure out a deal that would suit both clubs.

Cancelo’s performances at the Catalan club have not gone unnoticed. He has proven to be one of the world’s premier full-backs, catching the attention of clubs like Arsenal, Bayern Munich, Chelsea, and even Saudi Arabian teams. City, initially keen on selling him to the highest bidder, now face a roadblock due to Cancelo’s steadfast refusal to play for any other club than Barcelona.

Cancelo’s unwavering commitment to Barcelona could see him become a permanent fixture at Camp Nou. The Blaugrana are actively working to solve their monetary issues and are hopeful to wrap up the deal before the commencement of the European Championship on June 14 in Germany.