Atletico Madrid on alert as Atalanta lower Ademola Lookman’s price tag – report

Serie A side Atalanta have lowered their valuation of Super Eagles attacker Ademola Lookman as interest from several top European clubs continues to mount, Soccernet.ng reports.

​Lookman’s future has been a subject of intense speculation over the past year, fueled by his stellar performances for La Dea.

The 28-year-old forward has been a remarkably consistent performer for the Bergamo-based club, contributing 55 goals and 27 assists in 136 appearances.

​Recall that last summer, Lookman was heavily linked with a move to Inter Milan, but Atalanta blocked the transfer.

The club stood firm on a €50 million release clause — a figure the Nerazzurri were unwilling to meet.

Consequently, Lookman remained at the Gewiss Stadium, but the transfer saga seemed to take a toll on him, as evidenced by a noticeable decline in his goal involvements this season.

​Despite the dip in form, interest in the former Everton man remains high. Several clubs are currently weighing up a move for the Nigerian international during the January transfer window.

​According to transfer specialist Ekrem Konur, Atalanta have now reduced their asking price to €35 million.

🚨#Atalanta 🇳🇬 Ademola Lookman – wants to leave!

📌 Atalanta have lowered their expectation to €35M for the Nigerian forward.

⚡️ After returning from AFCON, Lookman informed the club he wants to depart. pic.twitter.com/chPkUJBj3u

— Ekrem KONUR (@Ekremkonur) January 26, 2026

This price drop comes as little surprise given Lookman’s recent struggles, but the new valuation remains a tantalizing prospect for his numerous suitors.

Ademola Lookman:​Galatasaray Enter the Race as Atletico Madrid Keep Tabs

​According to transfer expert Fabrizio Romano, Atletico Madrid are long-term admirers of Lookman and are considering a move for the versatile forward.

🚨🇳🇬 ADEMOLA LOOKMAN

Fabrizio Romano: “He’s a player Atlético Madrid have always liked. The player is focused on the Champions League. We’ll see what happens from Thursday onwards.”

Matteo Moretto: “We’ll see, we'll see (laughs). From Thursday onwards…”

[via @DAZNFutbol] pic.twitter.com/WHeyDfssx5

— Atletico Universe (@atletiuniverse) January 26, 2026

However, the Spanish giants are yet to initiate formal contact with either Atalanta or the player's representatives regarding a deal.

​On the other hand, Turkish champions Galatasaray have been active behind the scenes, pulling strings to secure the Nigerian’s services, though nothing concrete has materialized just yet.

​With roughly 18 months remaining on his current contract, Atalanta are well aware that they must cash in soon to avoid the risk of losing their star man for free.