ESPN BR reported that Palmeiras became aware of Thiago Almada's situation at Atletico Madrid and made an inquiry because the player was considered a market opportunity. Despite Palmeiras' interest, the 24-year-old attacking midfielder has internally communicated that he does not intend to leave now.

According to reporter Gastón Edul of TyC Sports, Palmeiras has made an official offer for Thiago Almada, a 24-year-old winger from Atlético de Madrid. Almada won the CONMEBOL Libertadores and Campeonato Brasileiro with Botafogo in 2024. The Palmeiras board appreciates Almada's profile because he is a young athlete with high technical potential and significant resale value, which matches the club's search criteria. It is reported that the club is willing to invest between 20 and 30 million euros for the player. Almada was part of Argentina's 2022 World Cup-winning squad. It is understood that Atlético de Madrid is not opposed to selling Almada if an offer is considered interesting for both parties. Although the Spanish club still considers the player part of its future plans, it is open to a sale if the proposal is satisfactory. It has also been reported that Almada himself might consider a departure from Atlético de Madrid to obtain more playing time in the first half of 2026, which would increase his chances of a World Cup call-up. Almada has 12 caps and 4 goals for Argentina. He joined Atlético from Botafogo in July 2025, and his contract is valid until 2030. In the 2025/2026 LaLiga season, he has made 2 appearances, scored 1 goal, and provided 1 assist. His current market value on Transfermarkt is €20.00m. Napoli and Grêmio have also been mentioned in connection with the player. In January 2026, reports stated that Atlético de Madrid is asking for €20 million for 50% of the player's rights. His transfer to the Spanish club was for a reported €40 million.