AC Milan have signed Gonçalo Ramos from Paris Saint-Germain for a fee of around €74m, which can rise higher with add-ons, making the Portugal striker the most expensive player in the club's history. The deal beats the €49.5m Milan paid for Rafael Leão in 2019 and was confirmed while Ramos was away with Portugal at the World Cup preparing for their round-of-16 match against Croatia. He has signed a contract running to the end of the 2030-31 season.
The move is the first piece of business under Ruben Amorim, who took over at Milan this summer after leaving Manchester United and had made the 25-year-old his top target. Amorim wanted a recognised number nine to lead his attack, and Ramos fits the profile of a mobile, direct centre-forward who can play as the focal point of the team. Milan's American ownership had described last season, in which the club missed out on Champions League qualification, as an unequivocal failure, and the fee paid for Ramos is a clear statement of intent for the rebuild.
For PSG, it means losing a forward who arrived from Benfica in 2023 as one of the most sought-after young strikers in Europe. Across three seasons in Paris, Ramos scored 45 goals in 131 appearances and won 12 trophies, including back-to-back Champions League titles in 2025 and 2026. But he never nailed down a regular starting spot in a squad packed with attacking options, and PSG have already been linked with Monaco's Folarin Balogo as a possible replacement.
Ramos's final season at PSG summed up that squeeze for game time. He made 30 Ligue 1 appearances but started only a portion of them, scoring six league goals, with his overall tally across all competitions in the 2025-26 campaign standing at 12 goals from 45 appearances. Those are respectable numbers for a squad player, but well below what would be expected of a first-choice striker at a club paying a club-record fee, and Milan are banking on him finding sharper form with regular football.
At Milan, Ramos should get exactly that. He joins an attacking line that already features Leão and Christian Pulisic on the flanks, giving Amorim a recognised finisher to aim for in the box rather than relying on rotating options up front. His movement in behind defenders and composure in the penalty area were features of his time at Benfica and his early PSG career, and Amorim will be hoping those qualities translate quickly to Serie A.
The deal also fits a broader pattern of PSG moving on players who could not force their way into Luis Enrique's first XI, even successful and well-regarded ones. For Milan, signing a proven Champions League winner still just 25 shows genuine ambition after a difficult campaign, though the size of the fee means expectations on Ramos will be high from day one.