Transfer value of under-contract academy graduates: Barcelona!

Research
28 January 2026

Issue number 531 of the CIES Football Observatory's Weekly Post presents the 100 teams worldwide whose academy graduates still under contract (in the club or out on loan) total the highest aggregate transfer value. Thanks to players such as Lamine YamalPau CubarsíFermin López and Alejandro Balde, Spanish giants FC Barcelona top the ranking with a mobilisable asset of no less than €738 million.

Manchester City (€286 million) and Bayern Munich (€284 million) complete the top three. Six other teams have academy graduates under contract whose total transfer value exceeds €200 million: three from Spain (Real MadridAthletic Club and Real Sociedad), two from England (Chelsea and Arsenal), as well as Champions League title holders Paris St-Germain. A further Spanish side, Atlético Madrid, complete the top 10.

Two Portuguese clubs, Porto (Rodrigo Mora as main asset) and Sporting CP (Gonçalo Inácio), top the rankings among teams outside the big-5 (11th and 12th position overall). They are ahead of two Dutch clubs (AZ Alkmaar and Ajax), and a further Portuguese side: Benfica. The top three non-European teams are Corinthians (Breno Bidon as their main asset), Vasco da Gama (Rayan Vitor) and Boca Juniors (Di Lollo).

* For players who spent at least three seasons between the ages of 15 and 21 in two different clubs (e.g. Kenan Yildiz), only the first team was considered as the training academy.

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