Harry Kane's next partner? AC Milan slap eye-watering price-tag on Rafael Leao as Bayern Munich eye move after missing out on Florian Wirtz to Liverpool

According to Corriere dello Sport, AC Milan have set a €130 million price tag on Portuguese forward Leao amid strong interest from Bayern Munich, Arsenal, and several clubs from Saudi Arabia. While his official release clause stands at €175 million, Milan are reportedly open to negotiating, especially after a mixed 2024–25 campaign.

The 25-year-old winger made 50 appearances across all competitions last season, scoring 12 goals and providing 13 assists for Milan. German giants Bayern Munich are targeting a left winger regardless of Leroy Sane's contract situation as they want to add a back-up for their No.1 striker Harry Kane. Meanwhile, Mikel Arteta and Arsenal’s management are also keeping a close eye on developments.

Al Nassr, Al Hilal, and Al Ittihad - three of Saudi Arabia’s biggest clubs - are also showing strong interest in the Portuguese international and are reportedly willing to offer him a staggering €25 million per year.

Leao’s current market value stands at €75 million, which is significantly lower than Milan’s €130 million asking price and well below his €175 million release clause. The Portuguese forward joined Milan in 2019 and is under contract with the club until 2028.

After missing out on European football, including the Champions League, Milan are heading into a crucial summer. A squad shake-up looks likely, and Leao is one of the big names who could be on the move, alongside Theo Hernandez and Tijjani Reijnders. With Massimiliano Allegri set to take charge of the Rossoneri, big changes are definitely on the horizon at San Siro.