Toronto FC has shaken up the MLS landscape by landing midfielder Djordje Mihailovic in a significant cash-for-player trade.
The club paid a reported $8 million, potentially rising with add-ons, marking a club-record acquisition for the Rapids . Mihailovic, 26, joins TFC after productive stints with Colorado, Chicago Fire, CF Montréal, and a spell in the Netherlands . He brings 9 goals and 7 assists in 24 starts this season, and over his MLS career has amassed 40 goals and 21 assists in 187 appearances
Promotion from Within: Malik Henry Signs First-Team Deal
On August 9, Toronto FC promoted homegrown talent Malik Henry from TFC II, signing him to an MLS contract through 2025 with club options for 2026 and 2027 . Henry, 23, has been a standout performer, leading TFC II with five assists in 18 appearances. He had previously made two appearances for the first team, including his MLS debut in June .
Match Recap: Resilient Draw Against the Supporters’ Shield Leaders
Toronto FC traveled to face Supporters’ Shield leaders Philadelphia Union and salvaged a dramatic 1-1 draw thanks to a stoppage-time equalizer from Deandre Kerr . The match also marked Mihailovic’s debut in the starting XI, as he orchestrated key chances while linking up with Henry and Kerr en route to the goal . This resilient performance was seen as a promising sign for a TFC squad working to rebuild competitiveness .
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A Veteran Departs: Bernardeschi Leaves by Mutual Consent
Just last month, the club and designated player Federico Bernardeschi mutually agreed to part ways. The Italian forward, who joined in 2022 from Juventus, departed using one of the team’s contract buyouts. In 2025, Bernardeschi recorded 4 goals and 4 assists across 15 MLS appearances; over his tenure, he tallied 25 goals and 12 assists in 88 matches .
Summary: Toronto FC are in a transition phase—balancing strategic investment with internal development. With Mihailovic’s arrival, Henry’s promotion, and a scrappy draw against a top opponent, the club appears intent on building a refreshed identity and reigniting momentum.