TORONTO | Toronto FC have acquired attacking midfielder Djordje Mihailovic in a trade with the Colorado Rapids for $8 million, the teams announced Thursday.

The cash-for-player exchange includes another $1 million if certain performance goals are met.

Mihailovic, 26, signed a three-year deal that will keep him in Toronto through 2028 with a club option for 2029. He will occupy a designated player roster spot.

“When I first joined the league, Toronto was a powerhouse, and I could tell it was one of the best teams in MLS. I know the history and potential of this club and where it can go,” Mihailovic said in a statement.

Over the course of his career, Mihailovic has played for the Chicago Fire, CF Montreal, and Dutch club AZ Alkmaar in addition to the Rapids. He’s scored 48 career goals

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