Manfred Ugalde

Most recently, in May 2026, reports suggested Spartak is ready to sell the player for €12-15 million. In March 2026, the player's agent reportedly cited a release clause of $40 million (approx. €37 million) but noted $20 million (approx. €19 million) as a potential agreement point, while Spartak's asking price for PSV was reportedly around €20 million. In February 2026, PSV's loan offer with a €15 million option to buy was rejected. In mid-2025, Spartak reportedly demanded €25 million from Feyenoord, rejecting an initial €15 million bid and a loan proposal with a €20 million purchase option. The player's completed transfer from FC Twente to Spartak Moskva in January 2024 was for a reported €13 million, and his move from Lommel United to FC Twente in July 2023 was for €4 million.

Our valuation is driven by recent reports from May 2026 indicating Spartak Moskva is willing to sell Manfred Ugalde for €12-15 million. This represents a decrease from their previous demands of €20-25 million in 2025 and early 2026. The floor of our range is supported by multiple rejected offers at the €15 million mark from PSV and Feyenoord, while the ceiling acknowledges that Spartak may still aim for a figure closer to the €19-20 million mentioned in early 2026 negotiations. The €13 million fee Spartak paid in January 2024 also serves as a strong baseline.