Matheus Martinelli

In early 2026, multiple reports indicated that offers of approximately €12 million from West Ham, Olympiacos, Beşiktaş, and clubs from the Gulf were rejected by Fluminense. A separate report in March 2026 mentioned a rejected proposal of €13 million from the previous transfer window. Throughout this period, Fluminense's minimum valuation was consistently reported as €20 million. The player's Transfermarkt value was cited as €14 million in February 2026, up from a reported €10 million in July 2025.

Our valuation for Matheus Martinelli is driven by multiple, consistent reports of rejected bids around €12-13 million and Fluminense's firm asking price of €20 million. The estimated value represents a likely compromise point between the clear floor set by the rejected offers and the club's stated minimum fee.