According to Globo.com, São Paulo considers the signing of Arthur Chaves to be highly unlikely. The club withdrew from negotiations for the defender after having three loan offers rejected by Hoffenheim, as the German team requires financial compensation for the player's release. São Paulo had discussed different arrangements with Maurício Nassif, the player's representative, and considered including a purchase option at the end of a loan. However, Hoffenheim insisted on receiving immediate financial compensation. The negotiations had been ongoing for weeks.

According to Globo.com, negotiations for Arthur Chaves are considered complex. The player has a contract with Hoffenheim until 2029, and the German club is demanding financial compensation for his release. São Paulo is seeking reinforcements without making major investments and is evaluating alternatives to make the deal viable. After São Paulo's first two cost-free loan proposals were rejected, the club is preparing a new offer and studying mechanisms to make the operation feasible. Neither Hoffenheim nor the player's representatives rule out an agreement.

Globo.com reported that Hoffenheim rejected a second approach from São Paulo for Arthur Chaves. The most recent offer, which was for a six-month loan and was made on Wednesday, was rejected by the German club. Hoffenheim had also previously rejected a proposal for a one-year loan. On both occasions, Hoffenheim indicated a desire for financial compensation to negotiate for the defender and will only accept a permanent transfer or a loan that includes an option or obligation to buy. The management of São Paulo intends to continue its strategy of prioritizing loans or free agents and avoids investing to acquire players. The club continues to resist a financial component in the transaction. Executive Rui Costa and Maurício Nassif, who is Arthur Chaves' representative, are conducting the negotiations. Following the second rejection, São Paulo is considering whether to make a new attempt to sign the defender.

After Hoffenheim rejected a one-year loan offer for Arthur Chaves, São Paulo made a new attempt for a six-month loan. Hoffenheim's management is seeking financial compensation to release the player, either through a sale or a loan with an option to buy and a fixed value. São Paulo is still trying to secure the player's arrival at no cost. Arthur Chaves is considered São Paulo's main target for the defensive system and a priority for Dorival Júnior for the next transfer window. Despite the refusal, São Paulo's management is maintaining talks with the player's representatives. According to information initially published by UOL and confirmed by ge, football executive Rui Costa and technical coordinator Rafinha are conducting negotiations.