Discounted deal keeps Memphis Depay at giant Corinthians

Memphis Depay has confirmed he will remain at Brazilian giants Corinthians, signing a new deal that runs until mid‑2028 and is valued at just over €22 million, including the settlement of a €12.5 million debt reduced by €3.5 million. The agreement also spreads the remaining €9 million across four installments, with the first due in January.

Weeks of negotiation

Wekenlang the contract situation was uncertain. All signs pointed to an extension, but the club announced that financial constraints would allow Depay to leave on a free transfer. The announcement displeased the player, prompting renewed talks. Coach Fernando Diniz also voiced disappointment, but the two sides eventually reached an agreement.

Update: Depay said on Tuesday via the club channel, “The emotions are running through my body. Corinthians is a gigantic club. I have seen, and everyone has seen, how big this club is. How big we are together. I am very, very happy. I can’t wait to get back to work, we have a lot to fight for.”

Financial settlement details

According to the Brazilian branch of , the new contract’s total value exceeds €22 million, comprising the outstanding €12.5 million and future commitments, excluding bonuses. Depay accepted a €3.5 million discount, leaving €9 million to be paid in four tranches. The first instalment is scheduled for January, and Mocht Corinthians miss a payment, the agreed discount will be void.

De club’s chairman believes the payment plan is realistic and stressed that Corinthians will honour the salary obligations. He added, “We plan to gradually find partners; we have two years ahead.”

Depay is expected to re‑join the Corinthians squad immediately. Thursday he could make his return against Rosario Central in the round of 16 of the Copa Libertadores.

For the 32‑year‑old Oranje‑international, the deal provides long‑term security and a platform to compete in South America. For Corinthians, retaining a high‑profile striker strengthens their attack while the restructured payment eases cash‑flow pressures.