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Why Donnarumma’s Departure from PSG Is More Than Just a Transfer

In the space of just a few months, Gianluigi Donnarumma has gone from Champions League hero to a financial liability in Paris Saint-Germain’s changing strategy. The Italian goalkeeper, once seen as the future of the club between the posts, now faces exile from the first team – and his abrupt fall reveals a larger, risk-laden shift within PSG’s transfer policy.

Donnarumma’s Fall from Glory: What Went Wrong at PSG?

Donnarumma was at the heart of PSG’s historic Champions League triumph last season. His four clean sheets and 51 saves across Ligue 1 earned him plaudits as one of Europe’s top performers. But in a sharp turn of events, he was left out of PSG’s UEFA Super Cup squad – a move that is seen as more than tactical.

Donnarumma and Luis Enrique after beating Liverpool
(Photo by Robbie Jay Barratt – AMA/Getty Images)

Manager Luis Enrique cited the need for a “different profile” of goalkeeper. But the reality suggests something deeper: a calculated financial restructuring by Sporting Director Luis Campos, in which Donnarumma’s high wages and long-term contract have become an obstacle.

A Replacement Worth €55 Million, A Sale at Half That Price

PSG’s acquisition of Lucas Chevalier from Lille – for €40 million plus €15 million in bonuses – raised eyebrows across Europe. Chevalier is highly rated but remains untested at the level Donnarumma has already conquered. The real shock, however, lies in PSG’s willingness to accept offers between €20-30 million for Donnarumma, despite his contract running through 2026.

This valuation drop isn’t based on performance but on desperation to offload a player earning €850,000 per month, or over €10 million per year – a figure incompatible with PSG’s evolving wage structure.

Europe’s Elite Are Watching, But With Caution

Donnarumma’s salary immediately rules out most Italian clubs, even with his desire to return to Serie A. In today’s transfer market, only a few Premier League clubs have both the resources and sporting justification to pursue him: Manchester United, Chelsea, and Manchester City.

Yet even these clubs are cautious. For them, the issue isn’t talent – it’s integration and opportunity cost.

(Photo by John Berry/Getty Images)

Manchester City and the Guardiola Equation

Manchester City’s interest is genuine. Sources indicate personal terms have been discussed, and Guardiola has spoken directly with Donnarumma about the project. City’s attraction is clear: Champions League ambitions, elite infrastructure, and a pathway to trophies.

However, stylistic fit remains an issue. Donnarumma’s shot-stopping is elite – his performances against Liverpool, Arsenal, and Milan last spring were decisive – but his distribution under pressure is less refined. Guardiola demands a goalkeeper who can initiate build-up play as fluently as he defends the goal.

Still, few managers have a better track record of improving players. In that context, Donnarumma could be seen as a project – one worth the risk, if the timing is right.

Gigi Donnarumma celebrating at Anfield
(Photo by Martin Rickett/PA Images via Getty Images)

One Domino Must Fall First: Ederson

For Donnarumma to join City, Ederson must depart. Reports have linked the Brazilian with Galatasaray, but negotiations remain unresolved. If Ederson stays, City’s move for Donnarumma would likely collapse – leaving the goalkeeper in limbo and PSG stuck with an expensive, unused asset.

The Broader Strategy: Lower Wages, Higher Turnover

Luis Campos is implementing a strategy that moves away from the Galáctico-style contracts of early QSI ownership. Under the new approach, base salaries are reduced, and bonuses are tied to performance and availability.

Donnarumma refused a proposed restructuring of his contract, making him the first high-profile casualty of the club’s internal financial pivot. His situation serves as a message to other top earners – and to agents – that PSG intends to reset its wage bill across the squad.

Adding to the complexity is Donnarumma’s agent, Enzo Raiola – cousin of the late Mino Raiola. The agent has reportedly considered legal action, claiming the club has shown “zero respect” toward a player who helped deliver its greatest success. The threat of legal escalation may be part negotiation tactic, part real grievance – but it’s yet another complication for PSG.

ATLANTA, GEORGIA – JULY 05: Gianluigi Donnarumma #1 of Paris Saint-Germain looks dejected as he speaks with backroom staff as he leaves the pitch at half-time during the FIFA Club World Cup 2025 quarter-final match between Paris Saint-Germain and FC Bayern München at Mercedes-Benz Stadium on July 05, 2025 in Atlanta, Georgia. (Photo by Shaun Botterill – FIFA/FIFA via Getty Images)

Clock Ticking Before the Ligue 1 Opener

With PSG set to begin its Ligue 1 campaign on August 17 against Nantes, time is short. Manchester City remains the only club seriously linked to Donnarumma with the means and motivation to act. But unless Ederson leaves, no deal can proceed.

If the window closes with no agreement, PSG could be forced to keep a player they’ve already written out of their plans – an awkward and costly outcome.

In tonight’s UEFA Super Cup clash between PSG and Tottenham, one key absence is Gianluigi Donnarumma, who is sidelined as he faces uncertainty over his future at PSG. To get a closer look at how both teams are preparing for this pivotal match, read our Super Cup preview.