£25m Deadline-Day Offer Falls Short of Valuation
Celtic have rejected Nottingham Forest’s third bid for Belgian midfielder Arne Engels, with the latest offer reportedly valued at up to £25 million.
The Premier League club submitted the proposal on transfer deadline day, February 2, 2026, comprising a guaranteed £20 million fee plus a further £5 million in performance-related add-ons. The bid followed two earlier approaches—an initial offer of around £14 million and a second worth approximately £17.3 million (€20 million)—both of which were swiftly turned down by the Scottish champions.
Celtic Maintain Firm Stance on Key Midfielder
Celtic, who signed Engels from Augsburg for £11 million in August 2024—then a club-record transfer—have remained resolute throughout the January window. The club has consistently indicated that they were unwilling to sanction a mid-season departure for one of their most influential players.
At just 22 years old, the Belgian international has established himself as a cornerstone of Celtic’s midfield, delivering goals and assists across domestic competitions and on the European stage, including the Champions League group phase.
O’Neill Emphasises Squad Stability
Manager Martin O’Neill previously underlined the difficulty of replacing a player of Engels’ calibre midway through the campaign, particularly with limited time and availability in the transfer market. Celtic are understood to have viewed Forest’s £25 million package as below their internal valuation, prioritising squad continuity over a significant—but ultimately insufficient—financial return.
Strategic Focus on Long-Term Ambitions
The decision reflects Celtic’s growing confidence in retaining elite talent amid interest from larger leagues. Engels’ rapid development and performances have elevated his profile, but the club appears committed to building around him as they pursue sustained success in Scotland and Europe.
Forest Forced to Reassess After Deadline-Day Setback
For Nottingham Forest, the failed pursuit represents a setback in their efforts to strengthen midfield options during the January window. With the transfer period now closed, attention will turn to alternative internal solutions for the remainder of the season.
Clear Message to Potential Suitors
Celtic’s handling of the situation sends a clear signal to prospective buyers: key players will only be sold on terms that align with the club’s long-term strategic objectives. For now, Arne Engels remains central to Celtic’s plans as they continue their domestic and European campaigns.