According to ESPN, conversations between Fred and Palmeiras started about a week ago, after the Fenerbahçe player was offered to Palmeiras. Palmeiras is interested and is internally evaluating Fred, but will only proceed if he becomes available on the market. Fred will only leave Fenerbahçe on the condition that he receives his full salary until his contract ends in June 2027. The situation is expected to be resolved by Friday, February 6, which is when the Turkish transfer window closes.

According to reports from the Portuguese press, Palmeiras has shown interest in Fenerbahçe's star player Fred. They have made an offer of 9 million euros, but this offer was rejected by Fenerbahçe. Fred, who played 45 official matches last season for Fenerbahçe, contributing 5 goals and 8 assists, has caught the attention of the Brazilian club as they look to bolster their squad for the upcoming season.