Otávio started the previous season as one of the captains, played two games for FC Porto, and in August moved to Saudi Arabia in a transfer worth €60 million to Al Nassr. The transfer had an impact of €39.6 million in gains in the first half of the 2023/24 accounts of FC Porto.

Otávio is being transferred from FC Porto to Al Nassr. The transfer involves a payment of €9 million to BMG, the institution that partnered with FC Porto during Otávio's initial transfer to the club in 2014. The transfer fee for Otávio to Al Nassr is €60 million.