The Brazilian striker had a top 2023 season with Santos, scoring 21 goals from 50 appearances across all competitions.

Despite his efforts, Santos suffered a historic relegation and they have now agreed to sanction his departure to Benfica.

The Portuguese outfit have accepted to pay €18m for the striker and a formal agreement has already been reached for him.

Leonardo has also agreed terms for the transfer and he is expected to travel to Lisbon to undergo his medical and sign a contract.

The news is a huge blow for Arsenal and United, who were keeping a close eye on his progress over the course of the previous year.

The Gunners in particular were looking into a formal move, but Benfica have been rather quick in securing a deal with Santos.

As part of the transfer, Santos will get 10 per cent of any profit made from Leonardo's future sale.

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