What happened: The San Jose Earthquakes are finalizing an acquisition of Australia youth international Luka Jovanovic from Adelaide United on a U-22 initiative contract, according to Tom Bogert. The striker earned a share of the A-League Golden Boot last season by recording 11 goals and three assists across 1,639 minutes.

Why it matters: The U-22 initiative designation allows San Jose to add high-upside attacking depth with a reduced salary cap hit as the MLS regular season resumes on July 16. The move continues an active July window for the Earthquakes, who recently locked up three existing players to extensions and signed international goalkeeper Angus Gunn through 2030.

What to watch: Watch for the Earthquakes and Adelaide United to officially announce the transfer details once terms are finalized. Jovanovic could join the squad for the mid-summer stretch following the resumption of regular-season play.