Official: Monza sign Zeballos from Boca Juniors with 40% sell-on clause
Quick summary
Serie A side Monza have officially completed the signing of Zeballos from Boca Juniors, with the Argentine club retaining a 40% sell-on clause on any future sale.
Full article
Attributed to original sourceMonza have officially purchased Exequiel Zeballos in an unusual deal worth €4m, leaving a 40 per cent sell-on clause to Boca Juniors, after he had been targeted by Napoli.
The wide striker had been a confirmed target for Napoli, with the player seemingly agreeing personal terms and refusing to sign a new contract in Argentina to push through the transfer.
However, the club remained steadfast and refused the proposals from Napoli that were never beyond €10m for full ownership.
Zeballos has joined Monza FLORENCIO VARELA, ARGENTINA – APRIL 23: Exequiel Zeballos of Boca Juniors gestures during a Torneo Apertura Mercado Libre 2026 match between Defensa y Justicia and Boca Juniors at Estadio Norberto Tomaghello on April 23, 2026 in Florencio Varela, Argentina. (Photo by Marcelo Endelli/Getty Images) Instead, with his contract set to expire on December 31, Boca Juniors have completed the sale to Serie A minnows Monza.
It is reported the fee is just €4m , but crucially Boca Juniors will retain 40 per cent of the future sale, so it is almost a co-ownership deal.
Zeballos has signed a contract with Monza to June 2030.
BUENOS AIRES, ARGENTINA – MAY 19: Otavio of Cruzeiro blocks a shot from Exequiel Zeballos of Boca Juniors during a Copa CONMEBOL Libertadores 2026 group D match between Boca Juniors and Cruzeiro at Estadio Alberto J. Armando on May 19, 2026 in Buenos Aires, Argentina. (Photo by Marcelo Endelli/Getty Images) The 24-year-old was a product of the Boca Juniors youth academy and made the permanent step up to the senior side in 2020.
He leaves after scoring 16 goals with 16 assists in 140 competitive games for the club.
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What happened
Monza have officially announced the capture of Zeballos from Boca Juniors. The deal includes a significant 40% sell-on clause, meaning Boca Juniors will receive 40% of any future transfer fee if Monza decide to sell the player. The structure reflects Boca's desire to retain upside in the player's career while cashing in on the current transfer. The move adds a South American talent to Monza's squad as they look to strengthen for the Serie A season ahead.
Chance analysis
Monza have wrapped up a transfer that brings an Argentine forward to Italy, with Boca Juniors keeping a meaningful stake in Zeballos' future through a 40% sell-on clause. That kind of clause is common in South American-to-European deals, where selling clubs accept lower upfront fees in exchange for continued exposure to a player's development. For Monza, the bet is straightforward: if Zeballos performs in Serie A, the resale value could far outweigh the initial investment, even after the percentage is shared back. It's a calculated gamble on upside from both ends of the deal.
Monza gain an attacking option from Boca Juniors while Boca retain 40% of any future sale, making this a modest short-term squad boost for Monza with long-term financial ties to Boca.