Henrique Carmo

In September 2025, the player's transfer from São Paulo to CSKA Moscow was completed for a reported €5.1 million. Rumours surrounding this deal also cited a fee of €6 million (or $6 million) plus €1 million in bonuses. Prior to this, CSKA's initial offers of €3.5 million (or $3.5 million) were reportedly rejected. A release clause of €65 million at São Paulo was also mentioned in September 2025 reports. Earlier, in Summer 2024, Shakhtar Donetsk was reportedly prepared to offer €10 million, a proposal São Paulo turned down. A September 2025 Transfermarkt valuation was listed at €300,000.

Our valuation is driven by the recent September 2025 transfer of Henrique Carmo to CSKA Moscow for a fee reported between €5.1M and €6M, which sets a firm market floor. The fact that São Paulo retained a significant sell-on clause (20-25%) indicates his true market value was considered higher than the cash component of the deal. This is further supported by a rejected €10 million offer from Shakhtar Donetsk a year prior. The valuation is tempered slightly by his move to the Russian league and his initial performance, but his youth and long-term contract support a value significantly above his recent transfer fee.