Roma revive Leao interest as Soule loan swap floated with Milan

Roma have re-emerged as a possible destination for Rafael Leao in the closing days of the transfer window, with a loan exchange involving Matias Soule floated as a means of bridging the financial gap.

According to Calciomercato.it, the Roma option has gained traction again in recent hours, having first been reported by the outlet in late July.

The obstacle remains the Portuguese forward’s substantial wages, though a swap of loans with Soule could satisfy both clubs.

PERTH, AUSTRALIA – AUGUST 05: Rafael Leao of AC Milan makes a run towards goal during the pre-season match between AC Milan and FC Internazionale at Optus Stadium on August 05, 2026 in Perth, Australia. (Photo by James Worsfold/Getty Images)

No concrete negotiation yet over Leao

The outlet is clear that nothing formal is underway, while adding that the move cannot be ruled out as the standout Serie A deal of the closing window.

The framework would also need Milan to soften their stance, the Rossoneri having insisted all summer on a permanent sale or a paid loan carrying an obligation to buy.

Leao has spoken publicly of wanting a new challenge after seven years at San Siro, and Milan have cut their asking price from an initial €60m to around €45m. Galatasaray’s offer of roughly €35m plus bonuses has not met that figure.

Reports in Italy earlier this week that Roma had already made contact before stepping back, deterred by the cost and by Leao’s preference for a move abroad rather than to another Serie A club. His contract runs to June 2028.