Transfermarkt valued Leao at €50 million at the time of the report.

Ruben Amorim was appointed Milan’s manager in June, replacing a disappointing previous campaign, and the team has started the new Serie A season with two wins.

The 27-year-old Leao has been pivotal for Milan since 2019, scoring 80 goals and providing 65 assists in 291 appearances, and contributing to the 2021-22 Serie A title and the 2024-25 Italian Super Cup.

Leao will wear the number 27 shirt at Galatasaray and will earn €10 million per year.

At Galatasaray, Leao is set to lead the attack alongside Victor Osimhen and Leroy Sané, strengthening a front line with high-profile teammates.

Leao spoke after Milan’s 2-0 Serie A win over Venezia, a match in which he did not participate.

Rafael Leao publicly bids farewell to AC Milan as he nears a move to Galatasaray, describing the decision as difficult but noting his lasting place in Milan's history.

Milan have accepted a €45 million offer for Leao, with his contract set to run through June 2028.

Leao said the move isn’t the end of his story, explaining the decision was to pursue a new path while praising Milan’s quality and leadership.

The transfer follows Milan’s two-season decline in Serie A and coincides with the club’s purchase of Gonçalo Ramos for €74 million, who scored against Venezia and briefly put Milan atop the league table.

In the 2025/26 season, Leao featured in 31 matches across all competitions for Milan, scoring 10 goals with 3 assists, and he scored in the 2026 World Cup (one goal, one assist in five games).

Milan will receive 20% of any future transfer profit from Leao, in addition to the €10 million annual salary.