According to Gazzetta.gr, Olympiacos is interested in signing Paulinho from Toluca. Paulinho of Toluca is one of three or four specific striker options that Olympiacos is considering. The club is looking to sign a forward who is currently under contract and aims to complete the transfer by the transfer window deadline on Tuesday, September 15. Olympiacos wants the player to be able to join training and contribute immediately. As Paulinho is under contract, any transfer would require an agreement with Toluca.

Reports from Mexico indicate Paulinho's transfer to Olympiacos is not progressing. According to the reports, the Portuguese striker refused to return to Europe and chose to remain at Toluca. The reports state his reasons are that he feels comfortable in Mexico, is very settled with his family, and is satisfied with his team. The reports also mention he has a contract with the team until 2029. It is also reported that Olympiacos' interest in the 33-year-old Portuguese player was genuine and that he was offered an opportunity to return to Europe, but he declined.

Olympiacos has included Paulinho, an experienced 33-year-old Portuguese forward who plays for Toluca, on their list of candidates for the center forward position. The Portugal international has 5 caps and 2 goals for his country. He joined the Mexican club in July 2024 and his contract runs until June 2027. According to Transfermarkt, his current market value is estimated to be €5.50m.