Arsenal, Chelsea told to pay €80-85 million to sign Rafael Leao

AC Milan will reportedly demand around €80-85 million to part ways with Rafael Leao next year amid his links with Arsenal, Chelsea, and other bigwigs.

According to a report by Caught Offside, Arsenal and Chelsea are interested in Rafael Leao. The two London giants are eager to bolster their offensive departments by signing a wide attacker next year. So, the 26-year-old AC Milan forward has emerged as a target for the North London clubs.

The latest update has revealed AC Milan’s asking price to part ways with the Almada native, with the Serie A giants demanding €80-85 million to part ways with him next year. Interestingly, Leao has a release clause worth €150 million in his contract with the Rossoneri.

Rafael Leao and his career so far

Rafael Leao has become a household name since joining AC Milan from LOSC Lille in August 2019. The 26-year-old did not take long to become a pivotal figure for the Rossoneri, and he has made significant progress at the Serie A club in the last half a dozen years. Meanwhile, the player has bounced back well after an underwhelming 2024/25 campaign.

Leao has chipped in with five goals and one assist in eight appearances across all competitions thus far in the 2025/26 season. Meanwhile, the Portuguese international remains a hot property in the market, with several Europe bigwigs, particularly from the Premier League, interested in him. Arsenal and Chelsea are among the prospective suitors vying for his signature.

London calling?

Rafael Leao has been on Chelsea’s radar for a long time. The West London club’s continued interest is understandable, as Mykhailo Mudryk continues to face an uncertain future at Stamford Bridge. Additionally, Jamie Gittens has failed to make his mark since arriving from Borussia Dortmund. So, Chelsea can do with a productive attacker, with Leao emerging as a viable target.

Like Chelsea, Leao is a long-term target for Arsenal. The Gunners are still keen on signing the AC Milan talisman, as Leandro Trossard faces an uncertain future at the Emirates. Additionally, the Belgian international is on the wrong side of 30. So, Leao is an option worth considering, and he will be available for a discounted price of €80-85 million.

While Leao has a release clause worth €150 million in his contract with AC Milan, the Serie A giants are ready to sell him for around €80-85 million. So, it will be interesting to see what the future holds for the 26-year-old Portuguese international.

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