AC Milan announced the signing of Gonçalo Ramos from Paris Saint-Germain on Tuesday, a club-record transfer worth €74 million, potentially rising to €90 million with add-ons. The 25-year-old Portuguese forward has signed a five-year contract until June 2031, eclipsing the previous record set by Rafael Leão’s €49.5 million move in 2019. The deal was confirmed by both clubs, with PSG thanking Ramos for his professionalism and contribution to a trophy-laden spell in the French capital.

The move is the first major acquisition under new head coach Rúben Amorim, who was appointed after Milan finished fifth in Serie A last season, missing out on Champions League qualification. Italian reports indicate Amorim, a fellow Portuguese, made Ramos a priority target to revitalise an attack that lacked cutting edge. Ramos arrives from PSG, where he won 12 trophies in three seasons, including two Champions League titles, but struggled to hold down a regular starting role, often playing second fiddle to Kylian Mbappé and later Ousmane Dembélé. He scored 45 goals in 131 appearances, many as a substitute, and did not start a single Champions League match last season.

Ramos began his senior career at Benfica, winning the Portuguese league in 2022-23 before moving to Paris for €65 million. Last season, he made 45 appearances across all competitions, scoring 12 goals and providing two assists. He is currently with Portugal at the 2026 World Cup, having featured as a late substitute in the group-stage draw against DR Congo. His Instagram farewell to PSG described the chapter as “one of the most defining” of his career.

The signing immediately intensifies competition for places in Milan’s forward line. Mexican striker Santiago Giménez, who had been part of the club’s plans, now faces a direct challenge for a starting berth, a point highlighted by Mexican media. The arrival of Ramos, combined with Amorim’s appointment, signals Milan’s intent to return to the summit of Serie A and European competition after a disappointing campaign.

Milan will begin pre-season preparations after the World Cup, with Ramos expected to join the squad once Portugal’s campaign concludes. The club’s next competitive fixture will be the start of the Serie A season, where securing a Champions League spot will be the immediate priority.