Artem Karpukas

In July 2026, reports indicated Zenit believed the player was not worth more than €4.5 million plus bonuses. A month earlier, in June 2026, Zenit reportedly offered €4 million plus another player, an offer which Lokomotiv rejected. During this period, the player's market value was cited by Transfermarkt at figures between €6 million and €7 million.

Our valuation is driven by conflicting reports from ongoing negotiations. Zenit reportedly values Artem Karpukas at a maximum of €4.5 million and made a rejected offer of €4 million plus a player. This forms the floor of our range. The ceiling is influenced by market valuations up to €7 million and Lokomotiv's desire for a higher fee. However, Lokomotiv's reported need to sell for licensing purposes and the player's contract situation suggest a compromise is likely, leading to our estimate of €5 million.