Davide Frattesi is heading home, or at least partway there. Lazio and Inter Milan are closing in on a deal that would see the 25-year-old Italian midfielder leave San Siro on a loan arrangement with a mandatory buy clause, valued at around €15 million in total. For a player Inter purchased for roughly €35 million just last year, that is a notable markdown.

The structure of the move tells the story of how quickly fortunes can shift in Serie A. Lazio cannot simply write a big check right now, so the clubs are engineering a deal that spreads the cost: a loan fee up front, with an obligation to complete the purchase permanently once specific conditions around appearances and possibly Lazio’s league finish are met.

From academy kid to transfer target

There is a pleasing circularity to this deal. Frattesi, born in September 1999, started out in Lazio’s own youth academy before moving across Rome to join Roma’s development setup, and then eventually making his professional name at Sassuolo. Inter brought him to Milan, and now Lazio want him back in the city where it all started.

His time at Inter was not a disaster by any conventional measure. He arrived as a dynamic, box-to-box midfielder with a nose for late runs into the penalty area, and he delivered in that role early on, primarily as an impact substitute. Under new Inter manager Cristian Chivu, Frattesi has found himself further down the pecking order than he would like. Starting opportunities have been scarce, and the player has made clear this summer that a move is what he wants. A footballer approaching his mid-twenties, with a market value pegged at €22 million on Transfermarkt, does not want to spend his peak years warming a bench in Milan.