Benfica agrees to personal terms with João Palhinha, will bid to Bayern Munich be good enough?

MUNICH, Germany - August 10: Portuguese midfielder João Palhinha is reportedly nearing a transfer from Bayern Munich to Benfica, according to a report by A Bola. The 31-year-old is set to sign a four-year contract with the Portuguese side, with a salary of around €6 million per year, gross. Bayern Munich is offering €15 million fixed plus €5 million in performance-based add-ons for Palhinha.

Benfica believes they can finalize the deal with Bayern soon, as Palhinha reportedly prefers to return to Portugal. If the reported figures are accurate, this could be a significant pay cut for Palhinha, who is currently earning €10 million annually with a bonus structure valued at €2 million per year. The interested parties also include Newcastle United and Aston Villa.