The Portuguese midfielder became the youngest player to captain a side in the Champions League aged just 18 years and 221 days against Maccabi Tel Aviv in October.
After featuring regularly for Porto's senior side this season, Neves has gathered a tremendous amount of interest from a number of England's giants.
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A defensive midfielder, Neves displays a high level of maturity and leadership on the pitch which allows him to dictate the flow of the game.
Porto will resist any move for the starlet, though they're aware they face a battle given the considerable interest in the teenager.
With Joe Allen failing to show enough quality or potential to thrive in Jurgen Klopp's Liverpool side, Neves is rumoured as a potential replacement. This would provide greater options in defensive midfield with Lucas Leiva and Emre Can the only contenders for the role.
Chelsea, on the other hand, currently sit 14th in the Premier League after 15 games following their woeful start to the season.
With Nemanja Matic and Cesc Fabregas under-performing, Neves would bring an injection of youth and leadership into a Chelsea side crying out for a change in personnel.
Meanwhile, Arsenal currently occupy second place in England's top flight, but a recent injury crisis looks likely to prove detrimental to their title aspirations. Following yet another failed summer with regards to transfers, the Gunners have been left with thin cover in defensive midfield.
Francis Coquelin and Santi Cazorla were recently ruled out for a prolonged period of time, therefore, a swoop for Neves in January would go down well with the Arsenal faithful.
But with next summer's European Championships on the horizon, Neves will be looking for guaranteed game time, which is almost never a certainty in the Premier League due to the physical demands of playing in one of the most competitive leagues in world football.