Manfred Ugalde

In February 2026, reports indicated PSV proposed a loan with a €15 million purchase option, which was rejected by Spartak Moskva; his Transfermarkt value was cited as €14 million. During the summer of 2025, Spartak's asking price was consistently reported at €25 million, while Feyenoord was linked with a €20 million loan-to-buy option after an initial €15 million bid was reportedly rejected in July 2025. His Transfermarkt value was noted as €15 million during this period. A potential €80 million buyout clause was mentioned in reports from December 2024. His last completed transfer was from FC Twente to Spartak Moskva in January 2024 for a fee of €13 million.

Our valuation for Manfred Ugalde is driven by Spartak Moskva's consistent reported asking price of €25 million during the summer 2025 and winter 2026 transfer windows. This figure is supported by their rejection of multiple offers, including a €15 million bid from Feyenoord and a loan with a €15 million purchase option from PSV. The player's transfer for €13 million in January 2024 establishes a baseline that has clearly appreciated, making our estimated range reflect the likely negotiation space between past offers and the seller's firm stance.