What happened: AC Milan have reached an agreement with Paris Saint-Germain to sign forward Goncalo Ramos, with the fee reported at €74m plus add-ons. The 25-year-old Portugal international completed a medical in Florida and is set to leave PSG after three seasons in the French capital.

Why it matters: The move smashes Milan's previous transfer record, the €50m paid for Rafael Leao, signaling a major attacking investment under newly appointed head coach Ruben Amorim, who played a pivotal role in landing the striker. It also continues the long-trailed Ramos PSG exit for more regular minutes, reshaping both clubs' frontlines ahead of the 2026 campaign.

What to watch: Watch for official confirmation and contract length from both clubs, and how PSG move to replace the departing forward.