The deal is done. Peñarol have decided to exercise their purchase option on Matías Arezo, the 23-year-old Uruguay attacker whose registration belonged to Grêmio. The fee under discussion sits at roughly £2.2m–£2.6m, with the most precise figure pegged at around 3.3 million US dollars. After Arezo spent time on Peñarol's books via a prior arrangement, the club has now moved to make the move permanent, bringing one of their own back home for good. This comes from Cesar Luis Merlo, a well-regarded voice with a solid track record. His report carries genuine weight, and he supplies both the decision and a concrete number. That said, this rests on a single source rather than a chorus — credible, but not yet corroborated across multiple reporters. Given the detail and Merlo's standing, it reads as firm rather than speculative. The engine's 100% reading means this is treated as a virtual certainty — there is no meaningful obstacle left to clear. The option has been triggered, the fee is settled in the reporting, and the move is described as confirmed. For it to register anything less, the club would have to reverse a decision already taken, which is why the number sits at the very top of the scale. History frames this well. Arezo himself arrived at Grêmio from Granada CF for £3m in 2024, and earlier moved from River Plate to Granada CF for £5m in 2022. Against those figures, the money Peñarol are spending here is modest and entirely in keeping. Watch for the official club confirmation and the paperwork being lodged, which would close the file completely.