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OFFICIAL: Santos agree to sell Yeferson Soteldo to Toronto FC

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Santos has confirmed that it has agreed to sell the Venezuelan to Toronto FC.

Japan v Venezuela - International Friendly Photo by Kaz Photography/Getty Images

TORONTO, Canada—Here we go!

Venezuelan international Yeferson Soteldo has been sold to Toronto FC, Santos FC announced this morning.

According to reports, the deal is for $6 million USD and in exchange, Toronto FC will receive 75 per cent of the player’s rights with Chilean side Huachipato still owning 25 per cent. Santos also confirmed that they will maintain a 12.5 per cent sell-on fee for the player.

Soteldo will become the Reds third designated player, alongside Alejandro Pozuelo and Jozy Altidore, and at 23 years of age, he will become the youngest designated player in Toronto FC history aside from Matias Laba, who signed a Young DP contract in 2013 at the age of 21.

For those wondering, he will not be classified as a young designated player since he turns 24 in June.

In an exclusive interview with Globo Esporte, Soteldo expressed his desire to join the Reds after receiving an offer he couldn’t refuse.

“I’m excited to play for Toronto FC,” said the current Santos forward through the help of Google Translate. “They count on me to fight for everything and to be one of the players in the franchise. Canada is a beautiful country, and the MLS has grown impressively.

“I am sure that very soon it will be one of the most powerful leagues in the world. And I want to be part of that story.”

The 23 year old has registered one goal and one assist in seven appearances so far this season after scoring seven times and adding nine assists in 44 games in 2019—including this absolute screamer in the semifinal of the 2020 Copa Libertadores.

Toronto FC are apparently offering ‘much higher’ wages than Soteldo’s currently earning in Brazil, which apparently went a long way in securing his long-term future.

“The club (Santos) is experiencing a very critical economic situation,” said Soteldo. “The offer that came from Toronto FC is very good for the club, it will help to resolve debts and will also guarantee my future and that of my family. I have three children. The world and football have changed because of the pandemic. While in many parts of the world, including Europe, dozens of clubs are failing, there was an offer from MLS that I cannot refuse.”

More to come...