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Summer transfer roundup: targets, valuations and contract uncertainty

Transfer roundup: Hall, Doku, De Cat, Éderson, Rayane Messi, Gomez and Rashford developments across.

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As clubs prepare for the 2025/26 summer window, a number of high-profile targets, valuations and contract questions are emerging. Liverpool have identified Newcastle United’s Lewis Hall as their preferred replacement for Andy Robertson, with Arsenal and Manchester City among reported suitors. Hall is valued at somewhere between $86.2–92.8 million (£65–70 million).

Atlético Madrid have been linked with Manchester City winger Jérémy Doku, but are considering an offer of roughly $68.8 million (£51.8 million, €60 million), the same fee City paid when signing him from Rennes in 2023.

Manchester United and Tottenham Hotspur are both reported to be interested in Anderlecht midfielder Nathan De Cat, who is rated at $40.1 million (£30.2 million, €35 million). At the same time, reports suggest Pep Guardiola, Bernardo Silva and Rodri are expected to leave Manchester City this summer, while Erling Haaland is more likely to stay and rebuild under a new coach expected to be Enzo Maresca.

Manchester United have reportedly received a boost after Éderson’s price reportedly dropped to $34.4 million (£25.9 million, €30 million). The Atalanta midfielder is being described as an ideal Casemiro replacement and is also on Atlético Madrid’s wishlist.

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Chelsea are expected to accelerate a move for Strasbourg teenager Rayane Messi following an impressive loan spell at NEOM SC in the Saudi Pro League. Liverpool face uncertainty in their squad planning too, with Joe Gomez and Curtis Jones both set to have one year remaining on their contracts in June.

Giorgi Mamardashvili could also be on the move after contact from a number of unnamed clubs, following reports of a contract extension for Alisson. Arsenal have been linked to Bologna forward Santiago Castro, valued at $45.8 million (£34.6 million, €40 million).

Further notes include Aston Villa being prepared to spend $40.1 million on Atlético Madrid striker Alexander Sørloth, Newcastle scouting Atalanta defender Giorgio Scalvini, and Pavel Šulc drawing interest from Aston Villa and Tottenham. Sunderland are reported to be considering a $17.2 million (£13 million, €15 million) offer for Thiago Pitarch at Real Madrid.

Joan Laporta’s claim that Barcelona are willing to renegotiate the terms of a permanent deal for Marcus Rashford has led to speculation that Man Utd will increase the fee demanded considering the England international’s valuation has risen since the $34.4 million figure was set last summer. Álvaro Arbeloa is said to have told Franco Mastantuono he has big plans for him despite the rise of academy products at Real Madrid. Barcelona are weighing up an offer for Marcus Thuram, valued at $68.7 million (€60 million), Real Madrid could target Konstantinos Karetsas, Inter Milan have offered Davide Frattesi to Real Madrid, and Cristiano Ronaldo has recommended Sporting CP’s 18-year-old Flávio Gonçalves to Almería following his minority stake in the club.

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Chelsea

UK Government Moves to Sue Over Frozen Chelsea Sale Funds

UK government moves to sue to gain access to frozen funds from Roman Abramovich’s 2022 sale. In U.K.

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The UK government is preparing legal action to obtain access to the $3.2 billion held from Roman Abramovich’s sale of Chelsea in 2022. A consortium led by Todd Boehly and Clearlake Capital paid a total of $5.2 billion (£4.25 billion) for the club, with $3.2 billion the final sale price and a pledge of $2 billion in investment over the next 10 years.

The $3.2 billion remains frozen in a U.K. bank account controlled by Fordstam, Abramovich’s company, because the parties have not agreed on the funds’ intended use. The government now says it will pursue litigation to secure the money after negotiations failed to reach a resolution.

A government spokesperson said: “We gave Roman Abramovich his last chance to do the right thing. Once again, he has failed to make the donation he committed to.

“We will now take further steps to ensure that the promise he made at the time of the Chelsea sale is kept.”

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The disagreement stems from the wording of the 2022 agreement. Both sides say the money should support victims of the war, but they differ on how that is defined. The government wants to send the entire sum to Ukraine, while Abramovich has argued there are victims of the conflict outside of Ukraine, including in his native Russia.

Legal action was seen as the likely outcome more than 12 months ago, and another year of unsuccessful talks has left the government concluding there is no alternative. Reports of an investigation in Jersey, where some of Abramovich’s money was managed, have added to the uncertainty surrounding the funds.

The draft sale and much of Abramovich’s Chelsea investment were funded through a series of offshore loans, including more than $2 billion interest-free from a Jersey company, Camberley International Investments.

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Man Utd

Carrick confirms Martínez will miss Bournemouth; hopes for Leeds return

Carrick: Martinez will miss Bournemouth but should be fit for the Leeds game after the break. please.

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Michael Carrick has confirmed Lisandro Martínez will not be available for Manchester United’s trip to Bournemouth on Friday, but said the Argentina international is progressing and is expected to be ready following the international break. “He’s getting there,” Carrick admitted. “So after this one, I think he’ll be alright.”

Carrick also addressed the wider defensive injury picture, highlighting the ongoing problem with Matthijs de Ligt. The Dutch defender was first sidelined in November, and early tests suggested a short absence, but he has not been seen since and a return date remains unspecified. “It’s [a] similar [situation] really and frustrating for Matta,” Carrick continued. “He’s obviously trying to work to get back but it’s just the back issue, really, that’s proving difficult. We’ll keep working as hard as we can, to get him back as quickly as we can.”

With De Ligt still sidelined, Martínez’s likely comeback after the break is a tangible boost for a side with limited central defensive options. At present the senior choices named are Harry Maguire, Leny Yoro and 19-year-old Ayden Heaven.

The manager also offered an update on Mason Mount, who has faced repeated fitness problems since his move from Chelsea in 2023 in a package worth up to $75.7 million (£60 million). Mount has managed 66 appearances across all competitions for the club and has missed 58 matches through various fitness concerns. He returned to the bench as an unused substitute for the 3–1 win over Aston Villa at the weekend, and Carrick stressed caution over his reintroduction. “Starting would be too much, I think, at this point,” Carrick said of the midfielder.

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Carrick’s remarks underline a careful approach to managing recovery across the squad as United prepare for a busy period that includes the visit of Leeds United on April 13 after the international break.

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Manchester City

Guardiola Rejects Narrative After Champions League Exit to Real Madrid

Guardiola defended City’s European record after exit to Real Madrid, insisting City were superior…

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Pep Guardiola spoke with visible frustration after Manchester City were eliminated from the Champions League by Real Madrid, insisting his team had been the better side across the two legs.

“My biggest challenge has been [Jürgen] Klopp,” Guardiola said, recalling his enthralling Premier League battles with Liverpool over the years. He added of European opposition: “To play against Real Madrid so many times, with the generation we had, we were good enough. We won both matches. Statistically, we were similar; they eliminated us more often, but based on how we played, I think they know that too.”

When asked if Madrid were deserved winners, Guardiola’s reply was laconic: “1–5 … congratulations.”

After the tie was decided Guardiola went onto the pitch to shake hands with the Real Madrid squad. Most exchanges were routine, but an encounter with centre back Antonio Rüdiger escalated. The pair remained locked in a handshake while words were exchanged and both had to be separated by members of each side. The Real Madrid defender appeared to be doing most of the talking; Nathan Aké intervened as a peacemaker before Los Blancos boss Álvaro Arbeloa managed to drag his player away.

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The defeat renewed the debate over City’s European record. City’s limited success on the continental stage — one title win in 10 seasons — is frequently cited by critics. Guardiola noted that only Carlo Ancelotti has won more European Cups than he has.

He suggested expectations have been shaped by his early achievements. “Everybody wants to fire me!” he said. He continued: “Listen, I started my career really young, in the second team in Barcelona and we were promoted. And my first season, after Barcelona won the treble, great success, and after, if my teams don’t win the treble, they are a failure. I know that.

“My first season here, you remember, ‘When are you going to win the Champions League?’ We won the league with 100 points. ‘When are you going to win the Champions League?’ In the end, we won it. ‘When are you going to win the Champions League?’”

The club record from 2016–17 to 2025–26 in the Champions League includes a 2022–23 winners finish against Inter, a 2020–21 final versus Chelsea and several eliminations by Real Madrid in recent seasons.

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