Turkish Giants Target Atalanta Forward in Structured Loan-to-Buy Deal.

Ademola Lookman

Fenerbahce have intensified their interest in Ademola Lookman, preparing an opening bid worth up to €42 million for the Atalanta and Nigeria forward in the January 2026 transfer window.

According to Italian journalist Orazio Accomando of Sport Mediaset, the Turkish club plans a €5 million paid loan with a potential €37 million obligation to buy, testing Atalanta’s resolve early in negotiations.

Atalanta favour a straight permanent transfer, valuing the 28-year-old highly after his consistent performances in Serie A and Europe. The Bergamo side are reluctant to accept delayed payment structures unless terms are exceptionally favourable.

Lookman, currently starring for Nigeria at AFCON 2025 in Morocco, has been instrumental for the Super Eagles – contributing goals and assists en route to the quarter-finals. His form has boosted his profile, making him a contender for tournament MVP.

Under manager José Mourinho, Fenerbahce see Lookman as a marquee addition to bolster their attack and challenge for domestic and European honours.

Recent reports suggest Fenerbahce have already agreed personal terms with the player, who is open to the project, while earlier offers around €25-30m were rebuffed by Atalanta demanding closer to €40m+.

Any deal may hinge on converting the proposal to include a mandatory buy clause or meeting Atalanta’s preference for an outright sale.

Lookman’s contract runs until 2027, giving the Italian club leverage.