Porto ready to abandon Gimenez talks as Milan reject €15m bid
Quick summary
Porto are prepared to walk away from negotiations for striker Santiago Gimenez after Milan reportedly turned down a €15m offer.
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Attributed to original sourceReports in Portugal claim that Porto have already begun to look at alternative options at centre-forward after seeing an offer to sign Santiago Gimenez from Milan turned down earlier this week.
Milan and Porto at an impasse in Gimenez negotiations Gimenez is considered surplus to requirements at San Siro following Milan’s club-record deal for Goncalo Ramos from Paris Saint-Germain earlier this window and are now seeking a buyer for the Mexico international.
MEXICO CITY, MEXICO – JULY 05: Djed Spence #25 of England clears the ball in front of Santiago Gimenez #11 of Mexico during the FIFA World Cup 2026 Round of 16 match between Mexico and England at Mexico City Stadium on July 05, 2026 in Mexico City, Mexico. (Photo by Richard Pelham/Getty Images) Porto had been among the list of clubs interested in a potential deal for Gimenez, who joined Milan from Feyenoord at a cost of €32m plus add-ons in the winter of 2025, but the Portuguese side are now prepared to walk away from the deal according to reports from O Jogo .
Earlier this week, it was reported that Milan had turned down a proposal from Porto that consisted of an initial season-long loan deal with an option to buy for €15m.
O Jogo, meanwhile, reports that Milan are seeking a fee to send Gimenez out on loan for the 2026-27 season and that they want an option or an obligation to buy fee set in the region of €20m-€25m.
SEPTEMBER 23: Santiago Gimenez celebrates after scoring to give the side a 1-0 lead during the Coppa Italia Frecciarossa Round of 16 match between AC Milan and US Lecce at Giuseppe Meazza Stadium on September 23, 2025 in San Siro, Italy. (Photo by Jonathan Moscrop/Getty Images) The Portuguese outlet adds that there have not been any developments on the Gimenez front after Milan turned down the €15m loan offer on Tuesday evening and that Porto have already begun to contact other transfer targets at centre-forward.
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What happened
Talks between Porto and AC Milan over striker Santiago Gimenez have reached a stalemate. Porto, who are keen to retain the Mexican forward, have reportedly rejected a €15m bid from the Italian club and are prepared to end negotiations if Milan's offer does not improve. Gimenez has been a prolific scorer since joining Porto from Feyenoord, and his future has been a subject of intense transfer speculation. Milan's interest reflects their need to strengthen their attacking options, but the gap between the two clubs' valuations appears significant.
Chance analysis
Gimenez's potential departure would have been one of the window's more interesting moves, linking a proven Eredivisie and Liga Portugal marksman with a storied Serie A side. With Porto now signalling they would rather keep the striker than negotiate below their price, the ball is firmly in Milan's court. If this deal collapses, it complicates Milan's forward planning and keeps a 20+ goal-a-season striker in Portugal, where he remains central to Porto's title challenge.
Likely keeps Gimenez at Porto for now, bolstering their attack but leaving Milan's striking search unresolved.