What happened: Ajax and Benfica are competing to sign Sergio Arribas, with a transfer expected to exceed €20 million. Benfica have contacted his representatives, while Ajax remain interested in the attacking midfielder.

Why it matters: Real Madrid retained 50% of Arribas’ economic rights after his departure. A deal above €20 million could therefore deliver Madrid more than €10 million for its summer plans.

What to watch: Watch for a formal offer from either Ajax or Benfica and whether the bidding pushes the fee higher.