Rafael Leão is being linked with a high-profile move from AC Milan to Arsenal, with the probability of a transfer currently rated at 36% according to data from Transfermarkt.
The Portugal and Angola-qualified winger, valued at €70.00m, is one of the most expensive attacking players in Serie A and would represent a major outlay for the Premier League club if any approach turns into a formal bid. The rumours centre on Arsenal’s long-standing search for another left-sided forward, although there is no indication yet of negotiations between the clubs or agreement on a fee.
Leão, 26, wears the No 10 shirt for Milan and is listed primarily as a left winger, favouring his right foot. His current contract situation is not detailed in the available data, leaving open the possibility he could move into the final stages of his deal or, in time, even approach free-agent status if no extension is agreed. That uncertainty is likely to fuel further speculation over his future at San Siro.
Born in Almada on 10 June 1999 and standing at 1.88m, Leão has progressed through several levels of European football. After emerging in Sporting CP’s youth ranks – moving from their Sub-15 side through the U17s, U19s, Sporting CP B and then the first team – he joined Lille in 2018 before making the switch to AC Milan in 2019. He has since seen his market value rise dramatically, peaking at around €90m in 2023 before settling at €70m in June 2025.
Having played in Portugal’s Primeira Liga, France’s Ligue 1 and Italy’s Serie A, a move to Arsenal would add the Premier League to an already varied CV and could mark the next step in his development, potentially reshaping both his reputation and career trajectory if the transfer were to materialise.
