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Mateus Fernandes: Why West Ham Value Midfielder at £85 Million

The emerging midfield talent is expected to move on after the club’s relegation—though interested parties will have to pay big money.
Mateus Fernandes could not save the Hammers from relegation.
Mateus Fernandes could not save the Hammers from relegation. | Julian Finney/Getty Images

West Ham United will ask even more for star midfielder Mateus Fernandes than previously thought, with a new report revealing the price has climbed to $113.9 million (£85 million).

It’s an increase of just under $7 million on earlier estimates for the 21-year-old talent, who is considered unlikely to remain a West Ham player following the club’s relegation from the Premier League to the EFL Championship last month.

A transfer for that sum would put Fernandes comfortably in the top 10 most expensive players ever sold by English teams—it’s more than even the 2009 world record move that saw Cristiano Ronaldo leave Manchester United for Real Madrid.

Fabrizio Romano shared on YouTube his information that West Ham have “decided” the $113.9 million valuation, following initial contact between potential buyers and the player’s entourage.


Man Utd ‘in Talks’ with Fernandes, Potential Competition

Mateus Fernandes
Fernandes has a list of suitors. | Richard Pelham/Getty Images

It is suggested by the transfer specialist that Manchester United, in their ongoing search for new midfielders, have established contact with Fernandes’s representatives in recent days. That is usually the initial step to a prospective transfer, as the buying club first looks to gauge interest from the player in joining them, but also learn salary expectations to plug into the eventual overall cost.

According to Romano, United have “started the conversation” with the people close to Fernandes.

The Red Devils, who are in the final stages of a deal for Atalanta and Brazil midfielder Éderson but still perhaps need two more new bodies on top, are not the only interested team.

There are “a lot of clubs” tracking the player, both within England and further afield. Rumor has it that Real Madrid are among those interested, given that midfield is also an area of concern requiring considerable surgery ahead of next season—Toni Kroos and Luka Modrić have never been replaced.


Why Is West Ham’s Mateus Fernandes Valuation So High?

Mateus Fernandes, Southampton
Southampton are entitled to a cut of any fee. | Matt Watson/Southampton FC/Getty Images

Fernandes came to prominence at Southampton in 2024–25, only his second season in a top-flight team. He impressed despite the Saints being relegated and joined West Ham last August for a transfer fee reported to be $56.8 million (£42 million), after add-ons.

The Portuguese midfielder, capped by his country but not selected for the 2026 World Cup, is not served by the Championship after proving himself in back-to-back Premier League seasons.

But West Ham have so much invested in Fernandes and need to turn a significant profit, given that Premier League ‘parachute payments’ cover only some of the lost revenue caused by relegation.

A sell-on clause negotiated by Southampton last year also means that the Hammers won’t bank 100% of any transfer fee—a reported 15% cut is due to Fernandes’s former club. That puts additional pressure on West Ham to extract as much money as possible from a sale, given that the threshold for making profit on the deal is actually significantly higher than it initially seems.


Most Expensive Players Sold by English Clubs

Player

Transfer

Fee

Year

Alexander Isak

Newcastle to Liverpool

$167.5 million

2025

Philippe Coutinho

Liverpool to Barcelona

$140.7 million

2018

Jack Grealish

Aston Villa to Man City

$134 million

2021

Declan Rice

West Ham to Arsenal

$134 million

2023

Moisés Caicedo

Brighton to Chelsea

$134 million

2023

Eden Hazard

Chelsea to Real Madrid

$119.3 million

2019

Harry Kane

Tottenham to Bayern Munich

$115.8 million

2023

Gareth Bale

Tottenham to Real Madrid

$114.3 million

2013

Cristiano Ronaldo

Man Utd to Real Madrid

$107.2 million

2009

Harry Maguire

Leicester to Man Utd

$107.2 million

2019

Quoted fees exclude add-ons, converted from GBP (£) to USD ($) at today’s rate.


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Jamie Spencer
JAMIE SPENCER

Jamie Spencer is a freelance editor and writer for Sports Illustrated FC. Jamie fell in love with football in the mid-90s and specializes in the Premier League, Manchester United, the women’s game and old school nostalgia.