Kodai Sano

In February 2026, reports indicated Nottingham Forest submitted a €20 million bid that was rejected by NEC. Throughout the same period, NEC's asking price was consistently reported to be a minimum of €20 million. Ajax was also heavily linked, with reports of a rejected €10 million plus player offer, a second rejected offer of €12.5 million plus add-ons, and a willingness to pay up to €15 million. In December 2025, NEC had reportedly quoted Feyenoord a price of €15 million, while PSV was said to find the €15-20 million range excessive. Transfermarkt's valuation was listed at €6 million during this time.

Our valuation for Kodai Sano is driven by the strong and recent evidence of a rejected €20 million bid from Nottingham Forest in February 2026. This, combined with NEC's consistent public asking price of at least €20 million and their rejection of multiple lower offers from Ajax (reportedly up to €15 million), establishes a very high floor for any potential transfer. NEC's strong negotiating position suggests they will only sell for a price comfortably exceeding the rejected offer.