Tottenham suffer Gustavo Varela blow: Serie A striker’s price tag has more than doubled

Tottenham Hotspur have suffered a transfer setback after learning that Monza have more than doubled their asking price for striker Gustavo Varela ahead of the January transfer window. The 21-year-old Portuguese forward was previously valued at around €20m (£16.6m-£17m), but his impressive form has prompted the Serie A club to demand a permanent transfer fee between €40m and €50m (£33m-£42m).

Varela, who joined Monza from Benfica in the summer, has scored nine Serie A goals in nine appearances alongside two Coppa Italia goals. Tottenham face significant competition for his signature, with Premier League clubs Chelsea, Arsenal, Newcastle United, Brighton, Brentford, and Fulham also reportedly monitoring the striker, alongside European sides including Atlético Madrid, Napoli, Juventus, AC Milan, and Inter Milan.