Fulham has officially turned down a £21.5 million (approximately $29 million) offer from Spanish giants Atletico Madrid for Nigerian midfielder Alex Iwobi, according to multiple reports. The 29-year-old midfielder, who enjoyed a standout 2024-25 season with Fulham, was targeted by Atletico as a potential replacement for Belgium international Yannick Carrasco.
Atletico Madrid reportedly proposed a four-year contract to Iwobi, offering an annual salary of €7 million (around £6 million), which has reportedly attracted interest from the player and his representatives. Despite Iwobi’s openness to the move and the lucrative offer, Fulham remains adamant about keeping one of their key performers, viewing him as central to their long-term plans under manager Marco Silva.
Iwobi’s impressive form last season included 10 goals and six assists in 38 Premier League appearances, making him a vital creative force for the West London club. He also made history as the first Nigerian to play every Premier League game in two different seasons. His versatility allows him to operate effectively across midfield and attacking positions, a quality that has drawn attention from top European clubs.
While Atletico Madrid is keen to bolster their squad following a third-place La Liga finish, their bid for Iwobi has been rejected as they prioritize other transfers. Fulham’s refusal to sell underscores their ambition to build on last season’s performances with Iwobi as a key figure.
The transfer saga highlights Iwobi’s rising profile in European football and his growing importance to Fulham, even as interest from elite clubs like Atletico Madrid continues to mount. Whether Atletico will renew their pursuit remains to be seen, but for now, Fulham has made clear that Iwobi is not for sale.