Toronto FC is getting a substantial upgrade to their attacking corps.
The club has agreed to a deal for midfielder Djordje Mihailovic, signing him for $8 million from the Colorado Rapids, Tom Bogert of GiveMeSport reported Monday.
According to Bogert, the deal includes $1 million in add-ons and the Rapids have added a sell-on clause, meaning they’ll receive a percentage of profits should TFC sell him in the future.
The Rapids had reportedly been approached about Mihailovic, but they didn’t want to sell the midfielder over the summer. However, Mihailovic asked to leave the club in recent days, forcing their hand to sell him to Toronto.
The deal is not yet finalized, as Mihailovic and TFC are reportedly still in talks over a new long-term contract.
Mihailovic has been one of Colorado’s most productive players since joining the club from Dutch side AZ Alkmaar in 2024. In 63 appearances with the Rapids, he has 23 goals and 18 assists in all competitions.
A native of Jacksonville, Fla., Mihailovic has experience suiting up North of the border, having played 68 games with CF Montreal from 2021 to 2022 and finishing with 16 goals and 21 assists in all competitions.
The $8 million transfer fee is a club record for the Rapids.
Earlier on Monday, TFC pocketed $100,000 after Los Angeles FC completed a deal for Scottish defender Ryan Porteous from British club Watford.
LAFC sent the allocation money to TFC because the Canadian club held Porteous’s Major League Soccer discovery priority rights.
— With files from the Canadian Press
from Sportsnet.ca
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