Niclas Füllkrug

In December 2025, multiple reports indicated AC Milan was negotiating a loan with a purchase option valued between €13 million and €15 million. In November 2025, a German newspaper suggested a potential transfer fee of €10 million amid interest from VfL Wolfsburg, and his Transfermarkt value was also cited at €10 million. Earlier, in June 2025, reports on Real Madrid's interest referenced the £25 million (approx. €29.5M) fee West Ham paid. Reports from December 2024 suggested a potential market value of around €20 million. The player completed a transfer from Borussia Dortmund to West Ham in August 2024 for a reported €27.0M, and prior to that, moved from Werder Bremen to Dortmund in August 2023 for €13.0M.

Our valuation is driven by multiple consistent reports from December 2025 regarding a loan-to-buy deal with AC Milan, which explicitly value the purchase option between €13 million and €15 million. This represents a significant decrease from the €27 million West Ham paid in August 2024, which is justified by the player's age (32) and difficult spell at the club. The lower end of our range is supported by reports from November 2025 linking him to VfL Wolfsburg for a potential fee of €10 million.