Forest Demand £105m for Elliot Anderson as City Test Post-Rice Transfer Market
Nottingham Forest reject Manchester City's opening bid for England midfielder, valuing their £35m signing at the same price Arsenal paid for Declan Rice

Manchester City's pursuit of anderson" class="entity-link entity-link--player">Elliot Anderson hit an immediate obstacle as Nottingham Forest rejected their opening bid for the England international. The Midlands club have slapped a £105 million price tag on the midfielder they signed for just £35m two years ago.
The valuation matches exactly what Arsenal paid West Ham for Declan Rice in 2023, signalling Forest's belief that the Rice transfer has permanently reset the market for English midfielders. City had valued Anderson at around £80m, leaving a £25m gap in negotiations.
The £105m Question: Has Declan Rice Broken the Market?
Forest's audacious valuation represents a 200% markup on their initial investment in Anderson. The club paid Newcastle £35m for the midfielder in 2024, and now they're demanding triple that figure after just two seasons.
The Rice Effect on English Player Valuations
The precedent set by Arsenal's British record signing has emboldened selling clubs across the Premier League. Rice's £105m move validated the premium placed on homegrown talent, particularly those with England caps and Premier League experience.
Anderson fits the profile perfectly: seven England caps at just 24, proven Premier League quality, and the versatility to play multiple midfield roles. His memorable goal against City in March's 2-2 draw at the Etihad showcased his ability to perform against elite opposition.
Market Inflation or Fair Value?
The numbers tell a stark story of market inflation:
- 2019: Manchester United sign Harry Maguire for £80m (then-record for a defender)
- 2021: Jack Grealish to Manchester City for £100m (British record)
- 2023: Declan Rice to Arsenal for £105m (new British record)
- 2026: Elliot Anderson valued at £105m after 92 Forest appearances
The trajectory shows how quickly the ceiling has risen for English players. Anderson's statistics at Forest - six goals in 92 matches - hardly scream £100m player, but in today's market, potential and passport matter as much as production.
Why City Need Anderson More Than They're Admitting
City's interest in Anderson extends beyond simple squad depth. With Real Madrid circling Rodri, Pep Guardiola needs contingency plans for his midfield anchor. Sources indicate City are prepared to sign Anderson regardless of Rodri's future, suggesting a broader tactical evolution.
The Rodri Succession Plan
Anderson offers different qualities to Rodri but could slot into City's system as a more mobile, box-to-box option. His performance against City in March demonstrated his press resistance and ability to carry the ball through midfield transitions.
The England star played a one-two with Callum Hudson-Odoi before bending in a curling strike from range into the bottom right corner to earn the visitors a point.
That goal highlighted Anderson's technical ability and composure in tight spaces - qualities Guardiola prizes in his midfielders. His four goals and four assists last season suggest he could add more attacking thrust than Rodri typically provides.
Competition from United
Manchester United's interest adds another layer of complexity. While United are closing in on Atalanta's ederson-santana-de-moraes" class="entity-link entity-link--player">Ederson, they remain in the market for two central midfielders. Their shopping list includes Mateus Fernandes (West Ham), Sandro Tonali (Newcastle), Adam Wharton (Crystal Palace), and Carlos Baleba (Brighton).
Anderson reportedly favours a move to the Etihad over Old Trafford, giving City an advantage in negotiations. But Forest's steep asking price could test even City's financial muscle.
Forest's Poker Game: Genius or Greed?
Nottingham Forest's negotiating stance walks a fine line between maximising value and pricing themselves out of a deal. The club's strategy appears designed to either extract maximum value or keep a player who's become integral to their ambitions.
The Timing Factor
With Anderson currently in Florida preparing for England's World Cup opener against Croatia on June 17, Forest hold significant leverage. City want the deal completed before the tournament, knowing Anderson's value could spike with strong performances on football's biggest stage.
Forest's rejection of the opening bid sends a clear message: they won't be bullied into a quick sale. The £35m to £105m valuation leap might seem excessive, but it reflects both market inflation and Anderson's importance to their squad.
Risk and Reward
The strategy carries risks for all parties:
- Forest risk alienating a player who might push for a move
- City risk overpaying or missing out to rivals
- Anderson risks his career momentum stalling if no move materialises
Yet Forest's position isn't entirely unreasonable. They've seen how the Rice transfer transformed Arsenal's midfield and validated the £100m+ price point for elite English midfielders. If Anderson performs well at the World Cup, their valuation could look prescient rather than preposterous.
What Happens Next
City are expected to return with a second bid, but the gulf between their £80m valuation and Forest's £105m demand suggests protracted negotiations ahead. The World Cup adds a ticking clock element - both clubs know Anderson's performances in America could dramatically shift the dynamic.
For now, Forest have drawn their line in the sand. Whether City cross it with cash or seek alternatives elsewhere will define not just this transfer window, but potentially the new ceiling for English talent in the Premier League era.
SportSignals is an independent publication. Views expressed are our own.
Sources
This article is based on reporting from the publications above. Specific facts and quotes are credited inline where used.
Frequently Asked Questions
How much are Nottingham Forest demanding for Elliot Anderson?
Nottingham Forest are demanding £105 million for Elliot Anderson, matching Arsenal's record fee for Declan Rice. This represents a 200% markup on the £35m they paid Newcastle in 2024.
Why do Forest value Anderson at the same price as Declan Rice?
Forest believe the Rice transfer has permanently reset the market for English midfielders. Anderson has seven England caps at 24 and proven Premier League quality, fitting the premium profile for homegrown talent.



