Vieira is currently on-loan at HSV for the season.
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BILD says HSV will likely be unable to exercise the €20 m purchase option negotiated with Arsenal due to financial constraints.
Nevertheless, Hamburg management sees an opportunity to continue working with the Portugal international.
HSV plans to resume talks with Arsenal in April or May to renegotiate the potential transfer fee. The outcome is completely open at this point.
However, it is already widely assumed that Vieira has no future at Arsenal, where he is under contract until 2027.
