A January transfer for Rayan was considered likely until recently. Vasco are prepared for a departure in 2026, but a summer exit is more plausible. Although his release clause is worth €40m, it is reported that Vasco are willing to accept €30m.

Rayan's release clause is €40 million. It is claimed that Vasco could be prepared to sell for a price of €25 million, although this may be dependent on their ability to receive the full fee. According to O Globo, an agreement has been reached between the club and the player's representatives. It is acknowledged that this agreement does not preclude a sale to Europe next summer. Rayan will receive increased earnings in a contract that will run until 2028.

An offer has been made by Barcelona for 19-year-old Rayan of Vasco da Gama, who is an Arsenal target.

Vasco da Gama reporter Joel Silva reported that Barcelona have sent an official offer to sign Rayan. The two clubs are reportedly in positive negotiations, and Barcelona are nearing an agreement. The exact value of the bid has not been revealed, but it is believed to be less than the winger’s €40 million (£35m / $46m) release clause. Silva also stated that Barcelona’s chances of signing Rayan increased after they told Vasco they would be willing to loan him back to the Brazilian club until the summer.