Olympiacos loan of Gustavo Sá

On 28 July 2026, Portuguese midfielder Gustavo Sá completed a transfer from FC Famalicão to Nottingham Forest for an estimated €20‑25 million. The deal was routed through Southampton and immediately arranged as a season‑long loan to Greek champions Olympiacos, a move facilitated by owner Evangelos Marinakis, who controls both Forest and Olympiacos. Sa arrived in Athens, passed his medical and was announced as a versatile midfielder capable of playing in multiple positions.

The next day Olympiacos confirmed Sa as its twelfth summer signing and coach Vesko Mendilibr began trimming the squad ahead of the UEFA Champions League. With a crowded roster and a limit of 17 foreign players for the competition, the coach prepared to cut non‑Greek players before the first group‑stage match on 4 August, indicating that Sa’s arrival prompted immediate roster adjustments for the European campaign.