Overview
- Alianza Lima submitted a one-year loan offer with a fee and option to buy for the Racing striker.
- TyC Sports’ Germán García reported that Racing rejected the proposal, leaving a full transfer as the only route.
- Alianza has not issued a counteroffer yet, according to the latest reporting from Peru.
- Balboa is under contract with Racing through December 2027, and the club controls about 70% of his economic rights.
- The player is reported to favor a return to Alianza, though he is recovering from left lumbosciatalgia and has interest from at least one Colombian club.