The Whites are braced for an improved offer from the north London club after Arsenal’s opening bid was rejected earlier this week.
Raphinha has entrusted his representatives with his future but is not expected to sign a new deal at Elland Road in light of interest from the likes of Arsenal and Barcelona.
The Catalan club’s £34.2 million bid for Robert Lewandowski in the past few days indicates where Barcelona’s transfer priorities lie, leading Arsenal to believe they are in a commanding position to land Raphinha’s signature this window.
Fellow London clubs Chelsea and Tottenham Hotspur have been linked with a passing interest in the Brazil international, however other players remain the Blues and Spurs’ primary targets.
Leeds value Raphinha at over £50 million, looking to make a four-fold return on their initial £17 million investment in the player some 20 months ago.
Arsenal’s first offer left Leeds baffled when it was initially lodged on Tuesday, but new reports claim the Gunners are ready to pitch an ‘enhanced’ proposal.
The Brazil international’s contract expires at Elland Road in June 2024 but appears most likely to follow teammate Kalvin Phillips out the exit door this summer.
Check out the latest Premier League transfer speculation below...
![West Ham have made an offer to Jesse Lingard’s representatives over signing the player on a free transfer. (Sky Sports)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1392414425%20%282%29.jpg?crop=3:2&width=800)
1. Hammers make Lingard bid
West Ham have made an offer to Jesse Lingard’s representatives over signing the player on a free transfer. (Sky Sports)
![Newly-promoted Fulham have made an offer for Wolfsburg right-back Kevin Mbabu. (Tutto Mercato Web)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1384744266.jpg?crop=3:2&width=800)
2. Fulham make Mbabu offer
Newly-promoted Fulham have made an offer for Wolfsburg right-back Kevin Mbabu. (Tutto Mercato Web)
![Arsenal want Ajax centre back Lisandro Martinez but the Dutch club have raised his price tag above £35m amid interest from Manchester United. (Daily Mail)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1401685215.jpg?crop=3:2&width=800)
3. Gunners target Martinez
Arsenal want Ajax centre back Lisandro Martinez but the Dutch club have raised his price tag above £35m amid interest from Manchester United. (Daily Mail)
![Jose Mourinho’s Rome and La Liga outfit Sevilla are on the trail of Brighton defender Joel Veltman. (Sky Sports)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1398660466.jpg?crop=3:2&width=800)
4. Roma plot Veltman raid
Jose Mourinho’s Rome and La Liga outfit Sevilla are on the trail of Brighton defender Joel Veltman. (Sky Sports)
![Newcastle United have reportedly launched a formal approach for Chelsea striker Armando Broja, who is also a £30m transfer target for West Ham. (Northern Echo)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1383974759.jpg?crop=3:2&width=800)
5. Broja on Toon radar
Newcastle United have reportedly launched a formal approach for Chelsea striker Armando Broja, who is also a £30m transfer target for West Ham. (Northern Echo)
![Leeds United are launching a £26m bid for Club Brugge forward Charles de Ketelaere. (Daily Mail)](https://www.thestar.co.uk/jpim-static/image/2022/06/25/22/GettyImages-1289077369.jpg?crop=3:2&width=800)
6. Leeds eye De Ketelaere
Leeds United are launching a £26m bid for Club Brugge forward Charles de Ketelaere. (Daily Mail)