TRANSFER TRACKER STATUS: Trade

TOR receive: Djordje Milhailovic

COL receive: Up to $9 million, sell-on %

Toronto FC have acquired midfielder Djordje Mihailovic from the Colorado Rapids in a blockbuster trade, the clubs announced Thursday.

In exchange for the 26-year-old US international , the Rapids receive up to $9 million in a cash-for-player trade and maintain a sell-on fee. The funds include $8 million up front and another $1 million if certain performance-based metrics are achieved.

Mihailovic will be a Designated Player for Toronto, who have paid the second-highest cash-for-player amount in league history, trailing only FC Cincinnati 's acquisition of Evander from the Portland Timbers ($12 million guaranteed, $150k in incentives).

Additionally, Mihailovic has

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