Thomas Lemar

Reports from July 2025 repeatedly cited a Transfermarkt valuation of €5 million amid interest from multiple clubs including Girona, Lyon, and Celta de Vigo. At the same time, it was widely reported that Atlético Madrid was willing to facilitate a free transfer. His market value was noted in January 2025 to have dropped from a peak of €70 million. His original transfer from Monaco to Atlético in 2018 was reportedly for a fee of €72 million.

Our valuation is driven by consistent reports of Atlético Madrid's desire to offload Thomas Lemar, even considering a free transfer to remove his significant salary from their books. His recent major injury and lack of playing time severely limit his market value. The upper end of our range is anchored by the repeatedly cited Transfermarkt valuation of €5 million, while the lower end and estimate reflect the high probability of a nominal fee or free transfer, which the selling club is reportedly willing to accept.