Niclas Füllkrug

In April 2026, it was reported that AC Milan will not activate a €5 million purchase option. When the loan was arranged in January 2026, reports on the option's value varied widely, from as low as €5 million to as high as €14 million. In November 2025, a potential transfer fee of €10 million was mentioned in connection with VfL Wolfsburg's interest, and his Transfermarkt value was also cited at €10 million. His most recent completed transfer was from Borussia Dortmund to West Ham in August 2024 for a fee of €27 million, following a €13 million move from Werder Bremen to Dortmund in August 2023.

Our valuation for Niclas Füllkrug is primarily driven by his age (33), a difficult period at West Ham, and an unsuccessful loan spell at AC Milan. The strongest piece of evidence is the recent report that Milan will decline a €5 million purchase option, which effectively sets a ceiling on his current value. This, combined with multiple reports from April 2026 stating West Ham is willing to sell for a 'low fee', suggests a valuation significantly below that option price.