On August 2, Frosinone Calcio rejected Celtic’s latest bid for Algerian winger Fares Ghedjemis, signaling their intent to keep the 23-year-old as they focus on Serie A survival. The Italian side is holding out despite substantial interest from both Celtic and their Glasgow rivals, Rangers.
The Algerian forward's journey is striking. Acquired from Vannes for just €300,000 in early 2024, Ghedjemis scored 15 goals last season, powering Frosinone’s rise to Italy’s top division. His market value has now jumped to around £8.6 million, more than doubling due to the fierce bidding war far beyond what his stats alone would justify.
Back in January 2026, Celtic’s £6 million bid was accepted. However, Ghedjemis chose to stay put. He also turned down lucrative approaches from Saudi and MLS clubs earlier this year. His absence from Frosinone's pre-season friendlies hints that transfer talks are weighing on his season preparations.
Adding complexity, Vannes is entitled to 10% of any future transfer, making the deal financially layered. Frosinone's gamble to hold onto the player has paid off so far. The club avoided cashing out early and watched Ghedjemis’ price soar as rival clubs pushed the offer higher. Riding high after promotion, they have no urgent need to sell.
This scenario reflects how competitive markets can create value spikes disconnected from immediate performance, a dynamic familiar to crypto traders watching speculative price swings. Similar bidding pressure has shaped other asset classes recently.
This material is for information purposes and does not constitute financial advice.
