Negotiations between PAOK and Cruz Azul for the transfer of 30-year-old Greek striker Giorgos Giakoumakis are nearing completion. Despite facing some challenges, PAOK remains hopeful about finalizing an agreement for a one-year loan with an option to purchase for 4.5 million euros, which will not be obligatory. Giakoumakis is keen to return to Greece and has reportedly been in contact with his national team teammates. PAOK is eager to conclude the deal swiftly to include him in the UEFA list for upcoming European competitions, especially with a forthcoming match against Wolfsberger. Giakoumakis is currently under contract with Cruz Azul until June 2028, and his market value is estimated by Transfermarkt at €7.0 million. Meanwhile, Al Ahli has also been recently associated with the player.