There is now a lot of optimism regarding the renewal of Rafael Leao and a signature could arrive soon, according to a report.
According to La Gazzetta dello Sport (via MilanNews) this morning, the negotiations are close to reaching a positive conclusion as Leao and Milan have reached a verbal agreement over an extension.
A deal has been struck in principle thanks to the willingness of the player and his family, plus the Milan management of course, who are offering a five-year deal worth €7m net per season plus a €2m signing bonus.
This marks a big increase from the €1.5m net per year he currently earns, but the Growth Decree still applies and that means that the total expenditure would be just short of €50m when considering the gross (pre-tax) amount.
However, the Sporting CP fine issue remains to be resolved. Currently the value of the compensation stands at €16.5m but the Portuguese club recently appealed to UEFA to try obtain the €45m release clause he had in his deal with them.
Milan want nothing to do with the matter directly and can do little to influence things, but the Sporting-Leao-Lille triangle are looking for a solution that satisfies everyone and can, indirectly, also unlock the agreement between the winger and Milan.
