Toronto FC reportedly acquires Djordje Mihailovic from Colorado Rapids for club-record fee

Toronto FC has acquired midfielder Djordje Mihailovic from the Colorado Rapids in a club-record deal reportedly worth $8 million, with potential add-ons and a future sell-on clause. Mihailovic, 26, pushed for the move after becoming dissatisfied with Colorado, where he was a key offensive player with 20 goals and 21 assists in 53 regular-season games since joining in 2024. The Rapids, currently ninth in the Western Conference playoff race, reluctantly agreed to the transfer despite the impact on their playoff hopes. Toronto, struggling in 14th place in the Eastern Conference, is banking on Mihailovic to ignite a late-season resurgence and build around him for the future. Mihailovic is in talks for a long-term contract with Toronto, who are rebuilding after losing two designated players, and see him as a cornerstone for their next era. This transfer marks one of the largest cash trades in MLS history and could significantly shift the dynamics in both conferences.