Vinicius Junior has reportedly turned down Real Madrid’s latest contract offer, handing Arsenal renewed hope of completing what would be the biggest signing in the club’s history. The Brazilian’s future remains one of the biggest talking points in European football, as fresh talks took place earlier today, August 5, between the winger, his representatives and Real Madrid. Real Madrid are believed to be willing to sell the Brazil international this summer rather than risk losing him for nothing when his contract expires in 2027. Reports in Spain claim Real Madrid are demanding €170 million for the winger this month, while Arsenal are said to value the player at no more than €150 million. Former Real Madrid striker and sporting director Predrag Mijatovic has added fresh intrigue to the saga by claiming Vinicius has rejected the club’s latest renewal proposal.