Burnley are reportedly in talks to sign Sporting CP midfielder Renato Veiga, and an update has shared how much a deal could cost the Clarets.

What’s the latest Burnley transfer news?

Vincent Kompany and those at Turf Moor have been extremely busy so far this summer with a number of new players brought in for the club’s Premier League which began with a 3-0 defeat to Manchester City last week.

In total, 11 new players have made the move to Burnley, with the club so far spending around £77m. Zeki Amdouni, James Trafford, Jordan Beyer, Dara O’Shea, Michael Obafemi, Luca Koleosho, Sander Berge, Wilson Odobert, Nathan Redmond, Lawrence Vigouroux and Jacob Bruun Larsen have all arrived, and it looks as if there could be further additions before the September 1 deadline.

The club are without a game this weekend with their scheduled top-flight fixture away against Luton Town postponed in advance, which could result in the club putting their focus firmly on the transfer market, looking to secure moves to add strength in depth to Kompany’s squad. It appears as if Veiga is a player who the Clarets have their eye on, with an update emerging.

Journalist Dominik Schneider took to X in the last 48 hours to share what he’s heard on Veiga. He stated that the midfielder is being eyed by Bundesliga side Borussia Monchengladbach, however, the player’s representatives are in concrete talks with Burnley and Swiss outfit FC Basel, with a €6m fee wanted, although there is scope for a loan move with an option to buy.

“Renato Veiga is on the list of Borussia Monchengladbach. First their priority transfer is backup for Tomas Cvancara. Veiga’s representatives are in concrete talks with Burnley FC + FC Basel. Sporting wants €6m transfer fee. Loan with option is also possible.”

Who is Renato Veiga?

Veiga is 20 years of age and is primarily a holding midfielder, although he can play as a centre-back or a left-back, so would offer plenty of versatility to Kompany’s squad.

The Portuguese youngster, already sponsored by Adidas, has represented and captained his country at U20 level and has been on the books of Sporting CP for a number of years.

Standing at 6ft 2, the left-footed gem is yet to make a senior appearance for Sporting CP, however, he did go out on loan to German club FC Augsburg last season, where he went on to turn out on 13 occasions in the Bundesliga

Veiga has featured on nearly 50 occasions for Sporting CP’s B and U23 teams, and with his contract expiring in 2025, now could be the ideal time for Burnley to make their move.

Valued at €1m by Transfermarkt, Burnley and Kompany may see Veiga as an exciting youngster who could only get better in time with the right coaching. He appears to be a player in demand in the final few weeks of the window as well, so a move could be one to keep an eye on prior to the end of the month, wit the Clarets seemingly involved in talks.