According to Sport FM, Gelson Martins has signed a contract extension with Olympiacos until 2028, with an option for one more year. Gelson Martins expressed his happiness for the renewal and stated his determination to contribute to further successes with the team.

Gelson Martins and Olympiacos were in discussions about his contract, which was scheduled to expire at the end of the current season. Both parties desired to continue their association, and Gelson Martins will stay with Olympiacos for several more years after turning down lucrative offers from clubs outside Europe. The new agreement contains an increased salary for Martins, and the only thing that remains is the official announcement of the contract extension.

According to Sport FM, the Reds have begun efforts to renew Gelson Martins' contract. Gelson Martins is a 30-year-old Portuguese winger whose current contract expires on 30/06/2026. He joined the club on 02/01/2024. He has 21 caps for Portugal. His current market value is €3.00m, according to Transfermarkt. In the 2025/2026 Super League 1 season, Martins has made 7 appearances and has provided 1 assist.