ISTANBUL, TURKEY – NOVEMBER 7: Victor Osimhen of Galatasaray celebrates victory during the UEFA Europa League 2024/25 League Phase MD4 match between Galatasaray A.S. and Tottenham Hotspur at Rams Park on November 7, 2024 in Istanbul, Turkey. (Photo by Ahmad Mora/Getty Images)
Galatasaray have agreed to provide Napoli with a letter of credit to ensure that they will be paid in full for the impending sale of striker Victor Osimhen, but it may still take another few days for the deal to be completed.
For the second summer in a row, Osimhen has been seeking a permanent move away from Napoli. After seeing a deal collapse on deadline day last summer, the Nigeria international ended up on loan with Galatasaray and is now pushing to return to Istanbul on a permanent basis.
The €75m release clause in the player’s contract has since expired, but Galatasaray and Napoli are proceeding with a deal for the same price tag regardless.
Where Napoli and Galatasaray stand in Osimhen talks
Though Galatasaray have agreed to pay the full €75m, there have been continuous discussions over the payment terms, largely in relation to the weight of the instalments.
Napoli would like an up-front fee close to the €50m mark and for the remaining €25m to be paid by the end of 2026 at the latest.
Football Italia understands that Napoli could eventually settle for a slightly reduced initial fee, as long as the rest of the €75m price tag is paid within a year.
The two clubs were in contact again on Wednesday to discuss the deal, and Galatasaray have since informed Napoli that they are now able to provide a letter of credit from the bank, which will ensure that the Partenopei are paid in full for Osimhen’s services.
While the two parties are moving ever closer to closing a deal, it could still take a few more days due to the bureaucratic processes involved.
Image:Getty
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