According to The Pitch Prospect, Bournemouth winger Rayan has a €100m release clause in his contract.
The Cherries signed the Brazilian from Rio de Janeiro-based Vasco de Gama for an initial £24.7m, plus a £5.6m add-on.
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Rayan has scored 20 goals in 57 games for his former club in 2025, including 14 in his home country’s top flight.
Should he make a positive impression in his first few months at Bournemouth, he could command a huge price in the market.
His release clause, worth around £86.7m, comes into effect from his second season on the south coast.
Semenyo replacement signed
Rayan is the latest Vasco de Gama star to seal a move to the Premier League since Andrey Santos signed for Chelsea in 2023.
The 19-year-old also joined Bournemouth as a replacement for Antoine Semenyo.
Semenyo joined Manchester City in early January in a move worth £62.5m, a record sale for the Cherries.
“I am very happy and honored to be here, especially considering the sports project they have developed for me,” Rayan told the club.
“I’m extremely happy. It’s a club that develops a lot of talent, so I’m very happy to be here and hope to give the fans a lot of joy.”
Bournemouth also welcomed a new goalkeeping option on Tuesday with the signing of Christos Mandas.
The Greece international moved from Lazio on a loan fee of £1.3 million until the end of the season.
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There is an option to buy worth £16m, but if Bournemouth do not make a permanent move they will have to pay Lazio £860,000.
The Pitch Prospect reported last month that the Premier League team was looking for a new goalkeeper.
They completed a £25million transfer to sign Djordje Petrovic from Chelsea in the summer.
However, his form has waned in recent weeks and he has only kept five clean sheets in 23 league games.
Mandas will now compete with Petrovic for the starting position as Bournemouth hope for a place in the top half this season.