The agreement is structured as a loan with a non-mandatory buy option. According to reports, Milan will pay a €5 million loan fee, with a buy option clause of €24 million, bringing the total potential deal value to €29 million. If the buy option is triggered, Boniface will sign a contract with the Rossoneri until June 2030.
The 24-year-old forward has already given his verbal approval to the move, having agreed to the personal terms offered by the Italian giants. The next and final step before the transfer is officially confirmed will be the medical tests, which are expected to take place in the coming days.
Boniface's move to Milan comes as a surprise to many, as the Serie A club was previously linked with other high-profile strikers. However, the club's quick and decisive action in securing a verbal agreement with both the player and his club highlights their desire to bring the talented Nigerian to the San Siro.
The transfer is a significant one for both clubs. For AC Milan, it addresses their need for a new striker and provides a potent attacking option. For Boniface, it offers a new chapter in his career at one of Europe's most decorated clubs, a chance to prove his worth on a grand stage after a season marred by injuries.