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Arsenal target 17-year-old dubbed the 'next Cristiano Ronaldo' Goncalo Guedes

Arsenal are in the race to sign the next Cristiano Ronaldo, although he could cost as much as £40 million.

According to the Daily Mail, Arsenal are in the race to sign Benfica youngster Goncalo Guedes, although the Gunners will have to fight off interest from Paris Saint-Germain, Bayern Munich and possibly even Real Madrid for his signature.

Touted as the next Cristiano Ronaldo, the 17-year-old is rated extremely highly by the Portuguese club, and hence they are looking to tie him down to a five-year deal.

However, as has always been the case with Benfica, especially when it comes to their brightest talents, they will inevitably sell the player to a bigger club at some point in the future. Nonetheless, they will look to cut their losses with a £40 million release clause. 

This is a price Arsene Wenger could be willing to pay, especially considering he missed out on the real thing all those years ago. If matched this price-tag would make Guedes the most expensive teenager in world football.

The Frenchman recently admitted that his biggest regret was losing out on Ronaldo when he joined Manchester United from Sporting Lisbon in 2003 and he will be desperate not to see another potential Portuguese superstar slip through his fingers.

Guedes made his first-team debut for Benfica last month in the Portuguese Cup and, in the meantime, has been starring for the club’s B side in the Segunda Liga. A versatile forward by trade, he has operated in operating in a left wing role for the Portuguese giants' second string most often this term. 

Wenger has built a reputation on signing players in the infancy of their career and could be tempted to gamble on a move for Guedes. Meanwhile, Benfica will be hoping the enormous valuation is enough to deter any suitors of the Portugal Under 17 international.

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