According to ESPN, the loan of Rafael Ratão from Bahia to Cerezo Osaka at the start of 2025 enabled the financial arrangement for his sale to Shanghai Shenhua, which has now been completed.

Rafael Ratão's loan at Cerezo Osaka from Bahia for the 2025 season has ended, and he is returning to Brazil.

Rafael Ratão is on loan at Cerezo Osaka from Bahia, a move which commenced at the beginning of 2025. The deal includes a purchase option that is valid until the end of the year. The transfer came about as the player was seeking more playing time and was considering a move to either the United States or Asia. Since joining the Japanese club, he has scored 18 goals in 38 matches.