Red and black striped jersey number 10 folded on an empty stadium bench

The Rafael Leao saga is dominating the headlines at AC Milan. Following the 1-0 defeat at Lazio on 15 March, the Portuguese number 10 has found himself at the centre of a storm that could reshape his future in the red and black shirt. A controversial substitution, a dressing room bust-up with a teammate and a club that is now openly willing to listen to offers: here is everything that happened and what could unfold in the coming months.

Lazio-Milan: the defeat that lit the fuse

The trip to the Stadio Olimpico in Rome on 15 March 2026 will not be remembered solely for the negative result. Massimiliano Allegri's Milan fell 1-0 to Lazio, suffering their first defeat in a direct clash this Serie A season. It was a match played well below expectations, with the Rossoneri unable to find the spaces to break down a well-organised Lazio defence.

Rafael Leao started on the left wing, attempting to create numerical superiority with his trademark bursts of acceleration. However, it was far from his best night, as the Portuguese winger struggled to find the decisive play despite some promising intentions. Making matters worse were two specific instances in which Leao timed his runs into space perfectly, calling for the ball from Christian Pulisic. On both occasions the American chose a different option, sparking visible frustration from the number 10.

The 66th-minute substitution and the clash with Allegri

In the 66th minute, with Milan trailing by a goal and the match still very much alive, Allegri decided to replace Leao with Niclas Füllkrug in order to change the team's attacking approach. A tactically understandable decision, but one the Portuguese did not take well. As he walked off the pitch, Leao spoke directly to the Livorno-born coach with a phrase caught by the DAZN microphones.

Leao's words

"Boss, keep me on, there are 20 minutes left"

The most striking moment came immediately after. Allegri attempted to embrace the player to diffuse the tension, as he routinely does with substituted players, but Leao refused the embrace in full view of the cameras, walking towards the bench with a clearly displeased expression. The footage went viral on social media within minutes and dominated the Italian sporting debate.

The coach handled the situation with his characteristic composure, avoiding any escalation in the post-match press conference and simply describing the substitution as "a tactical decision linked to the flow of the game".

The argument with Pulisic continued in the dressing room

If the substitution was the most visible flashpoint of the evening, what happened after the final whistle added yet another chapter to the saga. According to several authoritative journalistic sources including Gazzetta dello Sport and Sky Sport, Leao continued to reproach Pulisic for the two missed through balls during the match.

The discussion between the two teammates carried on in the Olimpico dressing room in tones described as "more heated than usual". The Portuguese made no attempt to hide his irritation over what he considered wasted opportunities, convinced that both passes could have changed the momentum of the game. Pulisic reportedly defended his own choices on the pitch.

Massimiliano Allegri personally intervened to calm the situation down and restore order. According to reports published in the sporting press, the coach spoke to both players separately, underlining the importance of squad unity at a crucial stage of the season. The exchange reportedly did not escalate beyond a heated verbal confrontation and the tension gradually subsided.

Milan open to a transfer: 80 million euros the asking price

Leao's behaviour at the Olimpico is not an isolated incident. In recent weeks the Portuguese forward's performances have been inconsistent, alternating between moments of brilliance and anonymous displays in which he appears disconnected from the team's game plan. This lack of consistency, combined with repeated episodes of frustration, has led the club's leadership to an important decision.

According to journalist Matteo Moretto and confirmed by several outlets, Milan are now willing to listen to offers for Rafael Leao ahead of the upcoming summer transfer window.

The release clause in the player's contract is set at 175 million euros, a figure now considered far from his actual market value. The Rossoneri hierarchy have reportedly identified 80 million euros as the minimum threshold to open negotiations.

Among the possible destinations, several Premier League clubs and Saudi Arabian sides have been mentioned. The English top flight remains the most likely landing spot, given the financial muscle of its clubs and the appeal that Portuguese talent holds on the British market. The Saudi Pro League represents a financially lucrative alternative but one that is less appealing from a sporting perspective for a 26-year-old player still in his prime.

Antonio Nusa: the chosen replacement for the left flank

Milan have not been caught off guard. According to information gathered from several authoritative sources, the club's hierarchy have already identified the ideal profile to replace Leao in the event of a sale. The name is Antonio Nusa, a Norwegian winger currently playing for RB Leipzig.

Profile

Antonio Nusa — winger, born 2005, Norwegian. This season he has displayed impressive quality in the Bundesliga, showcasing pace, dribbling ability and goal-scoring prowess. He dominated the individual duels in Norway's World Cup qualifier against Italy, causing the Azzurri defence serious problems. Estimated value: around 35 million euros.

The cost of the deal would be approximately 35 million euros, a figure considerably lower than the potential 80 million from Leao's sale. This difference would allow Milan to reinvest the surplus in other areas of the squad, completing a wide-reaching summer window under the guidance of technical director Geoffrey Moncada and chief executive Giorgio Furlani.

Not just Nusa: Milan's other transfer targets

Leao's potential departure is part of a broader project to reshape the Rossoneri squad for the 2026/27 campaign. Beyond Nusa, Milan are monitoring several interesting profiles on the market.

Ibrahim Maza, a 2005-born attacking midfielder at Bayer Leverkusen, is a name that has been circulating with growing insistence. The German-Algerian has made 32 appearances with 4 goals and 5 assists this season. Leverkusen have set a starting price of 45 million euros for their jewel, with Atletico Madrid having already tabled an opening bid of 35 million.

Up front, the leading target is Moise Kean from Fiorentina. The Italian striker is highly rated by Allegri, who previously coached him at Juventus, but Milan have no intention of triggering his 62 million euro release clause and are looking to negotiate a significant discount from the Viola. Another trail leads to Anastasios Douvikas of Como, valued at between 25 and 30 million euros.

80Millions asked for Leao
35Millions for Nusa
45Millions for Maza
62Kean's release clause

What happens next: upcoming matches and Leao's future

Milan return to action on 21 March against Torino in the 30th round of Serie A, a match in which the spotlight will inevitably fall on Leao and his attitude on the pitch. Allegri will have to decide whether to start him or manage the situation carefully, sending a signal to both the player and the rest of the squad.

The Leao question is also intertwined with the tactical debate currently unfolding in Milanista circles. Carlo Pellegatti, a well-known journalist and lifelong Rossonero, has suggested it might be time to switch back to a 4-3-3, moving away from the 3-5-2 that has defined this season under Allegri. A potential change of system could also affect Leao's position and role within the team.

For Milan supporters, it is a time of uncertainty. Leao remains one of the purest talents in European football, capable of deciding matches with a single flash of brilliance. But his inconsistency and repeated episodes of discontent are testing the patience of both the club and his teammates. The summer of 2026 could truly mark the end of his time in the red and black shirt.

The summer transfer window is still a way off, but the Leao case has already put the spotlight on Milan's future. One thing is certain: whatever decision is made, it must serve the interests of the Rossoneri project. Because at Milan, no one is bigger than the club.

Forza Milan, always.