Portuguesa want Diogo auction
Arsenal, Latest news update:
Brazilian club Portuguesa have turned down a Â£6million offer from Arsenal for their highly-rated striker Diogo.
Portuguesa hope to start an auction with the likes of Benfica, Sporting Lisbon, Fiortentina, and Olympiakos for the 21-year-old, who burst on to the scene with 18 goals in the league last season.
Arsenal first showed an interest earlier this year but the Sao Paolo-based club have insisted they are not prepared to sell Diogo for less than Â£12million.
"We have refused an offer from Arsenal, because it was too low," Portuguesa director Andre Heleno told the Daily Star.
"Up to now the biggest offer has come from Italy, which was Â£9million, but we will start to think about selling him at Â£12million."