Sheffield Wednesday must pay £800,000 for highly rated centre-back Frederico Venancio

Despite reports that they would have to cough up £2.6m, Sheffield Wednesday have been told it would only cost £800,000 to make Frederico Venancio’s loan move permanent.

In a recent press conference Manager Jos Luhukay said: “From the first day I came here, Venancio has done a very good job and we hope to find a positive solution with him.”

Venancio has publicly stated his desire to remain with Wednesday after a season which despite disappointing domestic success for the team, he managed to form a strong bond with the fans.

To many followers of the Owls, this is seen as a bargain as the highly-rated centre back appeared 25 times during the 2017/2018 season, finding the net in the last game of the season against Norwich City.

To many, this deal represents good value for money when especially during a period where some at the club are expecting financial fair play difficulties.

Wednesday will be managing their budget very carefully after dipping into the red last summer although Championship clubs are permitted to make losses of up to £13m a year.

He has earned 2 caps for the Portugal U-21 side and is yet to feature for the senior squad.

Several fans are being careful not to get ahead of themselves:

Many fans have taken to Twitter to express their delight about this likely transfer move:

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