Pele has urged Neymar to reject the likes of Bayern Munich, Chelsea, Manchester City and Manchester United by securing a transfer to Barcelona, should the young Brazilian eventually leave Santos.
Manchester City are the latest team to have been linked with a bid for Neymar following supposed previous approaches from Chelsea and Manchester United, while Bayern Munich are also reported to be pursuing the 21-year-old.
Barcelona has, however, always appeared to be Neymar's most likely destination, although the Nou Camp club have moved to distance themselves from speculation they had beaten the likes of Chelsea and Manchester United to his signature.
But Spanish newspaper El Mundo Deportivo claimed once again that a deal was in place to bring Neymar to Barcelona, and Pele says joining the Primera Division leaders is the only option the Brazilian should take if he quits Santos.
"The game is tougher in England, Italy and Germany because the referees usually let play go on. Barcelona would be ideal for him," Pele said, as reported by the Daily Mail.
"Santos need him and for that reason I don't think he should leave but if he must go it should be to Barcelona.
"He is an excellent player but he doesn't have any experience outside Brazil. In every game he plays outside Brazil, he doesn't do well. Everybody thinks Neymar can solve the national team's problems, but he isn't ready for that burden.
"We have a great deal of confidence in him but he has become a regular player for the national team."
The eventual destination of Neymar continues to be one of the most keenly debated topics in football, with a transfer to England or Catalonia still an apparent possibility for the player.
Chelsea are credited to still be in the running for Neymar, with Stamford Bridge trio David Luiz, Oscar and Ramires reported to have been attempting to persuade their compatriot to sign for the Blues.
Manchester United, meanwhile, were reported to have made a bid for Neymar on deadline day last summer as Sir Alex Ferguson strived to make further reinforcements following the acquisition of Robin van Persie from Arsenal.