Milan stand firm on Leao valuation after six-hour Mendes meeting
Quick summary
AC Milan held a six-hour meeting with super-agent Jorge Mendes but refused to lower their asking price for Rafael Leao, who has been linked with moves to PSG and Barcelona.
Full article
Attributed to original sourceSuper agent Jorge Mendes was at Casa Milan for a round of talks that lasted over six hours on Wednesday according to reports in Italy, but there has not been any movement from the Milan camp on an asking price for winger Rafael Leao, who is still valued at €50m.
Milan are desperately trying to find a buyer for Leao, who has spent the last seven years in San Siro and was part of the Rossoneri side that won the club’s last Scudetto in 2021-22.
DUBLIN, IRELAND – NOVEMBER 13: Rafael Leao of Portugal reacts after the team’s defeat during the FIFA World Cup 2026 qualifier match between Republic of Ireland and Portugal at Aviva Stadium on November 13, 2025 in Dublin, Ireland. (Photo by Charles McQuillan/Getty Images) Leao had made it clear at the end of the disappointing 2025-26 campaign that he was keen to try a new adventure abroad, but at this stage of the transfer window, a move away from San Siro has not yet materialised.
Mendes working on Leao sale, Milan still want €50m Meanwhile, Portuguese agent Jorge Mendes was at Milan’s headquarters for several hours on Wednesday afternoon and evening as the Rossoneri hashed out the final details of a deal for Diego Moreira, whose signing was announced last night.
According to La Gazzetta dello Sport , arranging the final details of Moreira’s transfer took slightly longer than expected, which is potentially why Mendes was at Casa Milan for so long on Wednesday.
There have also been suggestions, however, that Milan are working in partnership with Mendes to arrange the sale of Leao. Mendes and Milan have worked together on several deals over the last few years, including the recent signings of Moreira, Goncalo Ramos and Joao Felix.
La Gazzetta dello Sport reports that Mendes is none at work in an attempt to find an offer that satisfies Milan’s requests. The Rossoneri are still seeking a €50m fee for Leao, and Thursday’s report claims that Galatasaray are the club that have come closest to matching the asking price, but they have offered just above the €40m mark.
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What happened
AC Milan held an extended meeting with super-agent Jorge Mendes regarding the future of star forward Rafael Leao. The club remains firm on their valuation of the Portuguese winger despite interest from clubs like Paris Saint-Germain and Barcelona. Leao, who has a release clause reported in the region of €175 million, remains under contract at San Siro. The meeting signals that Milan are not open to negotiating a discount, even as Mendes explored potential exit routes for his client during the summer transfer window.
Chance analysis
Milan's willingness to spend six hours in talks but leave without budging on price sends a clear signal: they consider Leao a cornerstone, not a sellable asset at a discount. With PSG and Barcelona circling, the standoff centres on whether any suitor will meet a figure that could reach €175m via release clause. For a club recalibrating its sporting project, losing a 24-year-old talisman would force a major reinvestment, and that calculus is clearly shaping Milan's hard line.
Leao is expected to remain at AC Milan, reinforcing their attacking options for the new season, though continued external interest may create ongoing distraction.