A recent report claimed that the North London giants identified Neto as a possible option, and they are hoping to negotiate a contract before the transfer ends on September 1.
Despite the rumours surrounding Neto, Lage has suggested that he knows “nothing” about any potential transfer involving Neto.
Speaking after Wolves’ 2-1 win over Preston North End in the EFL Cup on Tuesday, the Wolves boss said: “I heard about that, but nothing has come to us. It’s normal to have this interest – but no one told me nothing about any proposals, so I cannot confirm nothing.”
Wolves are reluctant to sell the 22-year-old, who has five years before his current deal ends and has started all three of the teams Premier League match this term.
Arsenal are believed to be prioritising the exit of Pepe before they consider signing a long-term replacement and Neto seems to be perfect option.