Maximiliano Francisco Lugo (born 4 December 1989), known as Maxi Lugo, is an Argentine-Paraguayan^[1] professional footballer who plays as a midfielder.

Lugo started off his senior career with a three-year spell with local side Lanús, making the first of twenty-eight appearances on 1 March 2009 during a win away to Gimnasia y Esgrima.^[2][3] He was loaned out on two occasions, to Atlanta for 2011–12 and to Unión Santa Fe for 2012–13.^[2] He featured a total of sixteen times for those aforementioned clubs.^[2] On 23 January 2013, Lugo joined Unión Mar del Plata of Torneo Argentino A.^[2] Six appearances followed.^[2] Six months after signing, Lugo was on the move again as he agreed to join Paraguayan Primera División side Rubio Ñu.^[2] He scored on his sixth appearance versus Guaraní.^[2][4]

In his first three seasons with Rubio Ñu, Lugo scored fourteen goals in seventy-six encounters.^[2][5] For the 2016 and 2017 campaigns, he was loaned back to the Argentine Primera División.^[2] In January 2016, San Martín temporarily signed Lugo.^[2] He returned to Rubio Ñu after the 2016–17 Argentine Primera División season, making twenty-three appearances as the club finished 22nd.^[2][6] To conclude 2017, Lugo had a short spell with Temperley.^[2][7] On 18 January 2018, Belgrano became Lugo's eighth career club.^[2][8] He appeared in nine fixtures for Belgrano.^[2] Lugo left Belgrano in February 2021 after his stint on loan with Coquimbo Unido.^[9]

In March 2022, 32-year old Lugo joined Bolivian Primera División side Club Aurora.^[10]

As of 20 May 2018.^[2]

• Maximiliano Lugo at Soccerway
• Maximiliano Lugo at BDFA (in Spanish)