Matheus Martinelli

Throughout 2026, reports consistently stated Fluminense's asking price for the player was €20 million. The highest formal offer reported was €14 million, which was rejected before September 2026. Prior to that, in early 2026, the club reportedly rejected multiple proposals of around €12 million to €13 million from clubs including West Ham, Olympiacos, Beşiktaş, and teams from the Gulf. The player's Transfermarkt valuation was reported as €14 million in February 2026, rising to €16 million by June and September 2026.

Our valuation is driven by Fluminense's consistent and firm asking price of €20 million. This is supported by multiple rejected bids throughout 2026, which peaked at €14 million before Matheus Martinelli's call-up to the Brazil national team. The club's expectation of higher offers following his international recognition suggests a final fee will need to approach their stated valuation.