Guedes is being monitored by both Premier League clubs after an impressive season, making 26 appearances for the reserve team, scoring seven goals and racking up 12 assists.
The 18-year-old looked set to leave the club on a free transfer last summer but Benfica have tied him down until 2021 and have included a £40 million release clause, according to Portuguese publication O Jogo.Embed from Getty Images
Guedes is known for pace, trickery and flare – hence his likening to Ronaldo – and is the same age as his Portuguese counterpart when he signed for Manchester United back in 2003.
The news of his huge release clause comes as a huge blow to both Arsene Wenger and Brendan Rodgers, who were seemingly going to have the chance of signing the Portugal under-20 star on a free if they had made a move just eight months earlier.
The Benfica winger is one of the hottest prospects in Europe at the moment but a move this summer looks unlikely now as he has a long-term deal with the Portuguese giants, and he will be looking to break into the first-team.
Should Arsenal and Liverpool still make a move for Goncalo Guedes for £40 million?