Pedro Bicalho

In August 2026, reports stated Botafogo made a $1.5 million (approximately €1.4 million) offer for the player, which was rejected by Qarabağ. Earlier, in January 2026, his Transfermarkt value was cited as €1.5 million, an increase from a reported €1.0 million in December 2025. The player reportedly joined Qarabağ from Palmeiras on a free transfer in July 2025.

Our valuation is driven by a concrete rejected offer and the player's rising market value. Reports from August 2026 indicate Qarabağ rejected a €1.4 million bid from Botafogo, establishing a clear floor for their asking price. This, combined with a reported Transfermarkt valuation increase from €1.0 million to €1.5 million in early 2026, suggests Qarabağ values Pedro Bicalho significantly higher, leading to our estimate of a likely transfer fee.