The Gunners are looking to sign a defensive midfielder and are keen on taking the 22-year-old to the Emirates.
However, It is understood Sporting are looking for an offer closer to the €45m (£35.6m) release clause he has in his current contract.
The Portugal international, who played the full 90 minutes in Portugal's final group game of the World Cup, has been a long-term target for Manchester United and now Arsenal have joined the chase.
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