Milan have turned down an offer from Porto for Santiago Gimenez, with the club unconvinced by the structure of the Portuguese giants’ proposal.
According to Fabrizio Romano, via MilanNews24, Porto’s bid was built around a free loan with an option to buy set at €15m, a clause that would convert into an obligation if certain conditions were met.
Milan rejected the terms outright, with the Rossoneri considering the figure too low to sanction a permanent departure and pushing for a higher fee.
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)
Gimenez has already agreed to Porto switch
Porto do have one significant factor working in their favour: Gimenez has reportedly already given his consent to the switch, having held talks with head coach Francesco Farioli.
That personal agreement strengthens Porto’s position, but it still leaves the two clubs needing to close the financial gap.
The Mexican has struggled for fitness and form since arriving from Feyenoord for over €30m in January 2025, managing seven goals and six assists in 37 appearances, and has been hampered by an ankle injury since the World Cup that kept him out of pre-season entirely.
With Gonçalo Ramos now first choice under Ruben Amorim, Milan see little role for Gimenez this season, but they remain unwilling to let him go for what they view as an undervalued fee. Porto will need to improve their offer if they want to get a deal over the line before the window closes.