Transfer rumour · archive

Thiago Borbas to Atlético Mineiro

Quiet since 24 July 2026. Last report: Cesar Luis Merlo. Probability when it went quiet: 8%.

Thiago Borbas is heading for Atlético Mineiro, with Bragantino ready to send the Uruguayan attacker out on a season-long loan. The structure being reported includes a buy option worth €4.25m for of his rights, a sign that Bragantino want to keep a sell-on stake even as they let him go. Borbas is 24, under contract at Bragantino until the middle of 2026, and valued at around €4m, so a loan with an option in that range lines up with where the market already sees him. The story so far rests on a single source, but it is a significant one. Cesar Luis Merlo, rated highly for credibility, broke the news with specific structural detail, the loan length, the reading and the exact option fee. No second outlet has confirmed it yet, so this counts as a strong initial report rather than a fully corroborated one. The chance of this going through looks strong. Merlo's report reads like a deal that is already shaped rather than one still being floated, with concrete percentages and a defined fee attached. What could still slow it down is the final paperwork on the option structure, since loan-plus-option deals often need extra time to formalise the buy clause. Barring a change of heart from either club, this has the feel of business that is close to being finished. Bragantino have been active sellers recently. They sent a player to Midtjylland for €5m in 2023, moved another to Palmeiras for €4m, and sold to Famalicão for €3m in 2025. Borbas himself arrived at Bragantino from River Plate for €5m back in 2023, so this loan-with-option route marks a different kind of exit for a player they o

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