AC Milan have virtually secured the signing of Renato Sanches from Lille but a step is missing before the official announcement can arrive.
As our colleagues at SempreMilan.it report, Milan have found an agreement with the Portuguese midfielder over a five-year contract worth €3m net per season, which is a total of €15m net or around €23m gross.
The Rossoneri have also reached an agreement with Lille who will receive about €18m including bonuses for Sanches, having signed for around €25m in 2019 (via Wikipedia). The total cost of the operation for Milan therefore will be around €41m, in transfer fee and salary.
What is missing
The operation is still not officially closed however, because the green light from RedBird Capital is missing. Before formalising operations that require such an outlay in revenue, the American fund have to renew the contracts of Paolo Maldini and Ricky Massara which expiring on June 30.
Once these steps have been completed, Renato Sanches will also be able to officially introduce himself as a new Milan player and the management will complete a signing that they have been aiming to secure for months, and one that will help fill the void left by the departure of Franck Kessié.
In May, the player flew to Milan to speak personally with the management and to see the Milanello training complex first hand, in order to see the facilities and his future home up close.
Therefore, the arrival of Renato Sanches at Milan – as well as the renewals of Maldini and Massara – is not in question but we will have to wait a few more days. The idea is to define the operation by June 30.