Premier League rivals Arsenal and Chelsea’s attempt to sign AC Milan winger Rafael Leao seems to have come to an end as the Portuguese star has announced that he has signed a new five-year contract with the Italian side.
Leao’s previous contract was set to expire in 2024, which had sparked interest from other clubs.
The 23-year-old forward has risen to prominence at AC Milan, playing a crucial role in ending Juventus’ dominance in Serie A last season, leading his team to the Scudetto.
Although AC Milan faced some challenges this season, the Portuguese winger has been impressive, contributing to 23 goals in 34 league appearances.
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He also scored one goal and provided five assists in the Champions League, helping his team reach the semi-finals, where his absence was strongly felt in their defeat against Inter Milan.
Due to Leao’s expiring contract, there was naturally speculation about potential suitors trying to acquire his services. However, with his announcement of a new contract, it appears that Arsenal and Chelsea’s pursuit of the talented winger has been put on hold.
Transfer Guru Fabrizio Romano has revealed the news regarding his new contract with the Serie A side.
Official, confirmed. Rafa Leão signs new long term deal with AC Milan valid until June 2028. 🔴⚫️✍🏻 #ACMilan
Release clause: €175m.
Salary: €5m net per year plus €2m add ons & signing fee.
Huge one for Milan as previous deal was due to expire in June 2024. pic.twitter.com/vVrbgXL6Qp
— Fabrizio Romano (@FabrizioRomano) June 2, 2023
Both the clubs have shown interest in signing a forward this summer, with AC Milan winger Rafael Leao being linked with a move to England.
Leao has been compared to former Arsenal star Thierry Henry, which has fueled speculation about a potential move to the Gunners.
Chelsea has also been involved in talks to secure the winger, as they seek to address their scoring issues by bolstering their squad.
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There have been indications that a deal could be possible, and Chelsea had held discussions regarding the transfer. However, those hopes have been dashed as Leao’s agent prioritized securing a new contract for the player.
With Leao’s announcement of a new deal, it appears that both Arsenal and Chelsea will have to explore alternative options in their pursuit of a new forward for the upcoming season.
