Available data indicates that in July 2025, Lazar Jovanović completed a transfer from Crvena Zvezda to VfB Stuttgart for a fee of €5.0 million, a figure also referenced in reports from November 2025. Just prior to this, in June 2025, Stuttgart was reportedly prepared to offer €6.0 million for him. An earlier transfer in July 2024 saw him move from Vojvodina to Crvena Zvezda for €30,000.

Our valuation for Lazar Jovanović is anchored by his recent transfer to VfB Stuttgart in July 2025 for a confirmed €5.0 million fee. This is supported by reports from June 2025 of a potential €6.0 million offer from the same club. His limited playing time and a subsequent injury since the move suggest his value has likely stagnated rather than appreciated, keeping our estimate firmly in line with the recent transfer fee.