Rafael Leao Extends Stay At Milan Till 2028, €175M Release Clause Inserted

Rafael Leao dismisses any rumour or speculation linking him away from San Siro as Serie A giants announced on Friday that Portugal forward had signed a new deal until 2028.

"AC Milan is pleased to announce that Rafael Alexandre da Conceiçao Leao has renewed his contract with the club until 30 June 2028," Milan said in a statement.

Official Statement: Rafael Leão ➡️ https://t.co/W6zqLvzfjW

Comunicato Ufficiale: Rafael Leão ➡️ https://t.co/hzPDwvIRXz#SempreMilan pic.twitter.com/QE9g3ZmDgx

— AC Milan (@acmilan) June 2, 2023

Milan did not communicate the details of the deal but Italian media reported that Leao will earn a basic net salary of five million euros with a series of bonuses in place which could make his actual earnings significantly higher.

Milan have also reportedly inserted a release clause of €175 million which can only be exercised during a summer transfer window.

The 23-year-old has made 162 appearances for Milan since signing from Lille in 2019, netting 41 times and setting up 29 more.

He was crucial to Milan winning their first Serie A title in 11 years last season and getting to the Champions League semifinals this campaign.