Loizos Loizou nearing transfer to Red Star Belgrade

As of May 29, 2026, 22-year-old Cypriot winger Loizos Loizou is close to finalizing a major transfer from Hapoel Tel Aviv to the Serbian club Red Star Belgrade. Reports indicate the deal is valued at approximately 3.8 million euros, exceeding the player's 3 million euro release clause, with payments structured in installments to comply with Financial Fair Play regulations. The contract is reportedly for five years with an initial annual salary of 750,000 euros, excluding performance bonuses. Omonia Nicosia is set to benefit from the transaction through a 15% resale clause. Loizou has expressed his appreciation for the Hapoel Tel Aviv fanbase while acknowledging the career opportunity provided by the move and his ambition to play in the Champions League. While the transfer is in advanced stages, officials note that official signatures are pending. Hapoel Tel Aviv has begun searching for a replacement winger as the final details of the deal are settled.