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Giovani Lo Celso returned to Real Betis after they agreed a deal with Tottenham Hotspur on deadline day.

As a part of this deal, Tottenham have an option to buy Real Betis’ Johnny Cardoso. This was confirmed by the La Liga side’s president, Ángel Haro, earlier this month.

Recent claims have stated the purchase option is set at €25m and Spurs have to exercise it during a two-week window in June 2025.

According to Calciomercato, Tottenham could risk losing out on the midfielder to AC Milan.

The Serie A side are expected to be without Ismaël Bennacer for the rest of this year due to an injury. This has forced them to look for a new midfielder in the winter market.

Cardoso has been identified as one of the targets. It’s claimed he was hoping for a call from the Rossoneri in the summer window, but that didn’t happen.

The 20-year-old could be a hot topic again at the San Siro because of Bennacer’s injury. The report claims the Italian club have ‘every intention of initiating’ contacts with the American.

Milan signed Emerson Royal from Tottenham in the last window. The right-back and Cardoso share the same agent, and this could help the Italian club to sign the Real Betis player.

Calciomercato haven’t taken into account Tottenham’s purchase option to buy Cardoso at the end of this season. This is likely because Milan are looking to sign him for January, but then Spurs will have surely secured a clause which means they could have a say in that.

Otherwise, it would be pretty useless to get a buying option only to see a player move before there’s a chance to use it.