Palermo told £17M for Flamengo's Renato

Flamengo have slapped a £17 million price-tag on their star attacking midfielder Renato Augusto.

Palermo sports director Rino Foschi made an approach to Flamengo last weekend for the Brazil U20 international and was informed of the valuation by the club's president, Marcio Baroukel de Souza Braga.