I'm not following the diagram, specifically what the setup requirement should be(and if they're edge aligned). Specifically I see the source data changing but don't see when it is latched. Let's say it is latched in the destination on the next latch edge(i.e. the default). Let's say the previous data is latched 20 clock cycles before that. Then you would do something like:
set_multicycle_path -hold -end 20
Now, I believe the data is latched much later. So let's pretend it's 100 cycles later. Then it would be:
set_multicycle_path -setup -end 100
set_multicycle_path -hold -end 120
I would suggest looking at the TimeQuest User Guide on
alterawiki.com, specifically Section 2 on Multicycles. Also, a good way is to put in a multicycle and run report_timing -setup and report_timing -hold on that path to see what the setup and hold relationships are. If they're not what you want, start changing the values(do the setup first, since hold changes with it). You don't have to re-fit, just re-run TimeQuest. It might take a few iterations but should be pretty quick