Eder Militao became Porto's record sale when securing a move to Real Madrid on Thursday, overtaking a host of illustrious names.
Having left them for Real Madrid in 2007, Pepe has re-signed with Porto after leaving Besiktas at the end of 2018.
Besiktas have announced experienced centre-back Pepe has left the club on a free transfer, with a return to Portugal mooted.
Zlatko Dalic admitted his Croatia side "have to be better" against Spain after they were held to a 1-1 draw by Portugal in a friendly.
Portugal earned a 1-1 draw with Croatia thanks to centurion Pepe, who spoke of his joy at the chance he has had to play for his country.
Despite being without the rested Cristiano Ronaldo, Portugal fought back from a goal down to earn a draw against Croatia.
Pertahanan Portugal, Pepe mahu rakan sepasukannya meletakkan keyakinan dengan gaya permainan yang berjaya membawa meraih kejayaan di Euro 20126 ketika menghadapi saingan Piala Konfederasi.
Pepe akan menunggu selama yang mungkin untuk menerima tawaran kontrak baru bersama Real Madrid kerana keinginannya untuk kekal bersama pasukan itu, walaupun menerima segala keputusan tidak terletak padanya.