Nottingham Forest will only consider opening talks for Murillo if offers reach at least €70m (£60m), according to Brazilian outlet RTI Esporte.
The report states that interest from Chelsea, Manchester United and Tottenham Hotspur has intensified ahead of the 2026/27 season. However, Forest’s stance is clear. They are not prepared to negotiate below that figure.
This appears to be the most concrete valuation to emerge so far. Previous reports in Brazil had suggested a range between £50m and £70m (€58m-€81m). Now, the indication is that Forest would only start discussions from the upper end of that spectrum.
Murillo, 23, is in his third season at the City Ground after joining from Corinthians in 2023. Forest paid €14m (£12m) for the defender at the time. His market value is currently estimated in Brazil at around €55m (£47m), underlining the scale of his rise.
Nottingham Forest set firm benchmark
Setting a €70m (£60m) floor sends a strong message to Tottenham and other interested clubs. Spurs will likely be moving for a central defender in the summer, with doubts around several players.
Nottingham Forest view Murillo as a cornerstone of their defensive structure and a premium asset in the market.
There are other suitors for him around Europe. A few weeks ago, AC Milan considered a €30m price tag ‘unrealistic’, so they surely won’t like this update. As for Bayern Munich, they know Murillo ‘won’t be cheap’.
His profile explains the demand. He is left-footed, physically imposing and comfortable progressing the ball. At 23, he also fits the recruitment model of clubs seeking long-term defensive solutions.
Forest’s league situation may fuel speculation, but there is no indication they are under pressure to sell. Instead, the message is that any suitor must meet a price that reflects both performance and potential.
Financial ripple back to Brazil
Any deal at €70m (£60m) would also have consequences in Brazil. As we covered recently, Corinthians retained 10% of the profit from a future sale when they transferred Murillo.
Based on the €14m (£12m) initial fee, a €70m (£60m) sale would generate a profit of €56m (£48m). Ten per cent of that would hand Corinthians approximately €5.6m (£4.8m), before solidarity payments are included.
For now, there has been no formal approach. However, with Chelsea, Manchester United and Tottenham all credited with interest, Nottingham Forest have effectively drawn a line in the sand.
What happens next depends on whether any of those clubs are prepared to match the €70m (£60m) benchmark.