When you buy a player that is loaned out, the loan period still counts. Is that right? I would have thought the loan would have been cancelled/void because of the sale.

That is correct. The loan used to be cancelled a long time ago, but now we keep it to allow weaker teams who usually loan players to have the player until the end of the contract. We plan to block loaned players from being transfered.

Interesting move. Not very realistic though Gabriel. Not moaning but just saying :)

I have one question, if the loan contract is about to end and the teams agreed to renewal it, can I cancel the loan if I buy the player before the renewal actually happens?

No…once the renewal was agreed it cannot be canceled.