Newcastle United have established an £80m valuation for Sandro Tonali as Arsenal and Chelsea weigh up potential summer moves for the 25-year-old Italian midfielder. The Magpies view Tonali as a cornerstone of Eddie Howe's midfield rebuild and are prepared to demand a premium fee to consider parting with the former AC Milan captain, who has fully reintegrated into the squad following the end of his 10-month betting ban in August 2024.
Tonali joined Newcastle in summer 2023 for £55m from Milan and has since made over 60 appearances, contributing six goals and 10 assists despite the disruption caused by his suspension. His return to competitive action has been impressive: since regaining full fitness, he has started 18 of Newcastle's 22 Premier League matches this season, averaging 2.1 tackles and 1.8 key passes per 90 minutes. Under Howe, who remains in charge following the club's decision to retain him despite earlier speculation, Tonali has formed a strong partnership with Bruno Guimarães, providing defensive solidity and progressive passing that suits Newcastle's high-pressing style.
Why £80m Reflects Tonali's Rising Value
Newcastle's £80m asking price — a significant uplift on the initial investment — is underpinned by several factors. First, Tonali's age and contract status: he is tied to St James' Park until summer 2028 with an option for an additional year, giving the club substantial leverage. Second, his post-ban resurgence has restored his market value, with scouts from across Europe noting improved composure and leadership. Third, Newcastle's financial position under Profit and Sustainability Rules means any sale would need to generate a healthy profit to fund further recruitment, particularly with the club targeting a return to the top four.
Arsenal's interest stems from the need to add depth and quality to their midfield engine room, where injuries to Declan Rice and Thomas Partey have exposed vulnerabilities. Mikel Arteta's system would suit Tonali's energy and ball-winning ability, while Chelsea see him as a potential long-term successor to Enzo Fernández or Moisés Caicedo. Both London clubs have the financial capacity to meet the valuation, though negotiations would likely involve instalments and add-ons.
Market Signals and Betting Reaction
The betting markets have reacted to the emerging interest, with odds shortening on Tonali's next club. Arsenal and Chelsea are priced as joint favourites, while Newcastle retention has drifted significantly. The latest Sandro Tonali next club odds reflect growing market confidence in a big-money move, though punters remain cautious about Newcastle's resolve given Tonali's importance to Howe.
Tonali's personal preference appears to be staying at Newcastle, where he has settled well and rebuilt his reputation. However, the lure of Champions League football and a return to a higher-profile project could prove tempting if the right offer arrives. Newcastle's stance is clear: they will only consider bids that reflect his current standing as one of Europe's most promising midfielders.
Summer Outlook and Strategic Implications
With the summer window approaching, Newcastle face a balancing act: retaining Tonali strengthens their midfield core and supports Howe's long-term vision, but an £80m-plus sale would provide substantial funds to address other priorities, such as defensive reinforcements and attacking depth. For Tonali, any move would represent a step up in profile but also a risk given his recent history. Arsenal and Chelsea must decide whether to test Newcastle's resolve early or wait for developments closer to the window. The coming months will reveal whether Tonali remains a Magpie or becomes one of the summer's marquee transfers.