According to local sources, Iago Teodoro is still on Club Brugge's wishlist. Club Brugge recently inquired with Flamengo about the conditions for a transfer, and RTI Esporte reported that the club requested information about Teodoro. The interest is said to be concrete, but there is no formal offer yet. Flamengo has stated that it is not open to negotiations and refuses to negotiate. The club previously rejected a proposal from Brentford for Iago Teodoro, reportedly worth two million. Only an offer that cannot be refused could change Flamengo's position. Flamengo is also required to share a significant part of the final transfer fee with his former club, Volta Redonda.

Club Brugge from Belgium is one of several European clubs that have recently made inquiries about Flamengo's 20-year-old Brazilian defender, Iago. The English clubs Everton and Brentford have also made inquiries. It is reported that Everton is showing strong interest and is monitoring the player through their scouts in Brazil. Bahia from Brazil is the only club that has submitted a formal proposal for Iago so far. In December 2025, Flamengo reportedly rejected a bid from Bahia of approximately €2 million plus a sell-on percentage. Iago has been capped by Brazil at the U20 level and has a contract with Flamengo until December 2026. His current market value is €1.00m, according to Transfermarkt.