According to a report from journalist Kevin Jimenez, Olympiacos was interested in purchasing Spartak's forward Manfred Ugalde if the team qualified for the main stage of the Champions League. The Greek club was eliminated from the tournament this week and, as a result, abandoned the option of acquiring the forward.

Manfred Ugalde was among those strongly considered by Olympiacos, but the transfer deal has been blocked by Spartak Moscow. This has caused Olympiacos to turn its attention to other targets for the striker position.

Olympiacos is interested in Spartak Moscow's 24-year-old forward Manfred Ugalde as the Greek club needs to strengthen its attack. Spartak is demanding significant financial compensation for the Costa Rican player, who has been with the club since January 2024. The Moscow team also intends to find another forward before approving a sale, as they have already loaned striker Levi Garcia to Panathinaikos. According to the portal Transfermarkt, the footballer's transfer value is €12 million. Ugalde has 33 caps and 11 goals for Costa Rica and is under contract until June 2028. Other clubs, including Sevilla and Real Betis, have also been linked with the forward. In May 2026, it was reported that Spartak was seeking €12-15 million for the player, while asking prices earlier in the year were reportedly as high as €20 million.