Done Deal: Gimenez ready for FC Porto in €20m Milan agreement

Multiple sources confirm Milan have agreed the transfer of Santiago Gimenez to FC Porto, on loan with option to buy, becoming an obligation if certain conditions are met for a total of €20m.

The negotiations had been dragging on for a while, with the Mexico international informed he was not part of Ruben Amorim’s plans for this season.

His preferred option was always Porto, where he has a strong admirer in coach Francesco Farioli, but working out the terms proved difficult.

Gimenez breakthrough with FC Porto

MILAN, ITALY – SEPTEMBER 23: Santiago Gimenez of AC Milan 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 Milan, Italy. (Photo by Jonathan Moscrop/Getty Images)

According to sources including Milan expert Daniele Longo, transfer pundit Fabrizio Romano, Sky Sport Italia and Sportitalia, the deal was done late Saturday evening.

The key to the breakthrough was introducing clauses making the option to buy into an obligation, with conditions including the number of appearances Gimenez makes for the club.

MILAN, ITALY – MAY 09: Santiago Gimenez of AC Milan celebrates scoring his team’s first goal during the Serie A match between AC Milan and Bologna at Stadio Giuseppe Meazza on May 09, 2025 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

There is no loan fee, but the option to buy is set at €18m plus €2m add-ons.

Milan had paid over €30m to buy Gimenez from Feyenoord in January 2025, but after an initially strong start, he floundered amid poor form and injuries, including ankle surgery in December 2025.

He leaves the Rossoneri with seven goals and six assists in 37 competitive games.