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The Newcastle manager dismissed comparisons between Guimaraes' situation and previous high-profile squad departures. "I don't think it's fair to compare (to Isak last summer).
You've got to look at it in its own right," Howe said.
He reiterated the club's affection for the midfielder while expecting him back for pre-season duties.
"He's captain of our club and been an unbelievable player, through the whole time we have worked together.
I speak on behalf of everyone at the club; we absolutely love him, and of course everyone would love him to stay," Howe said.
Howe confirmed the scheduled arrival date for the midfielder's return: "He's due back on the 31st (of July), and there's nothing to say he won't be back."
Former Newcastle manager Alan Pardew shared his perspective on the ongoing transfer situation during a broadcast appearance. "It will be a massive loss for them," Pardew said.
Pardew suggested that the player's long-term focus had already shifted away from St. James' Park. "I think his love has gone.
I can't see him staying there and being the same player, so I think it's going to be a question of as much money as possible," he said.
He added his view on how the club's leadership will handle the potential transaction: "I think that's where the Newcastle board will sit."
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Newcastle faces Bristol City on Wednesday before traveling to Spain for their warm-weather training camp ahead of a friendly match against Valencia.