Chivas Reject Olympiacos' 2nd Offer For Armando Gonzalez, 3rd Offer Coming

Armando Gonzalez of Chivas gestures during the 2nd round match between Chivas and FC Juarez as part of the Torneo Apertura 2026 Liga MX at Akron Stadium on July 25, 2026 in Zapopan, Mexico. (Photo by Simon Barber/Getty Images)

Olympiacos have spent the last several days behaving like a club determined to reshape its squad quickly.

Remo Freuler has arrived officially. Nair Tiknizyan is in Athens. The midfield search continues. And Armando González remains José Luis Mendilibar’s major striker target.

But the González negotiation is beginning to test the line between ambition and overpayment. Fresh reporting says Chivas have now rejected two Olympiacos proposals, the latest around €9m.

Olympiacos appear prepared to go again. The question is whether they should.

Chivas are showing they believe they still control the negotiation

González wants Europe. His representative is in Greece. His coach acknowledged the Olympiacos offer publicly.

He was left unused against Santos amid the uncertainty. Those factors create pressure. But they have not yet caused Chivas to accept Olympiacos’ valuation.

That tells us Guadalajara believe their contractual leverage remains stronger than the player’s desire to leave.

Their public anchor remains a release clause around $15m(around €13 million)

The second rejection changes the economics

There is a considerable difference between Olympiacos paying €8–9m for a 23-year-old striker and pushing toward €11–12m or more. At the lower number, González can be evaluated as a high-upside development asset with immediate rotation value. At the higher number, he starts becoming one of the defining transfer investments of Olympiacos’ modern era. The expectation changes with the fee.

A €12m striker cannot simply be “good depth behind El Kaabi.” He needs to become a genuine first-team player.

The sell-on structure remains Olympiacos’ best negotiating tool

Previous reports suggested Olympiacos were willing to let Chivas preserve substantial future-sale upside.

That makes sense. If González succeeds in Europe and later moves for significantly more money, Guadalajara can participate without forcing Olympiacos to absorb the entire risk today. That remains probably the cleanest route toward bridging the valuation gap. But Chivas have to value future upside enough to reduce the guaranteed number. So far, the two rejected bids suggest they have not.

The player’s preference still gives Olympiacos leverage

González is reportedly positive about Piraeus and about making the move to Europe.

A selling club can reject a proposal.

It becomes harder to repeatedly reject proposals if the player has clearly identified his next step and the buyer keeps improving the economics. The dynamic can gradually shift. But that does not mean Olympiacos should simply continue bidding until Chivas say yes.

This is where Geoffrey Moncada earns his money

Good recruitment is not only identifying talented players. It is determining the maximum rational transaction price. Olympiacos need an internal answer to a simple question: At what number does Armando González stop being good value?

If that answer is €10m, then the club must be willing to lose him at €12m. If Olympiacos believe he can become a €25–30m European striker, stretching higher becomes much easier to justify.

That decision has to come from scouting conviction, not post-NEC urgency.

The Icardi approach gives us useful context

Olympiacos previously tested the market for Mauro Icardi, who rejected their approach. That tells us the club want more than a conventional reserve striker. They want someone capable of materially raising the position.

González represents the younger, higher-upside version of that ambition.

But youth does not eliminate risk. It changes its form. With Icardi, the risk would have been age and salary. With González, the risk is transfer cost and European adaptation.

There is also a wider squad-budget question

Olympiacos are simultaneously trying to complete:

Tiknizyan;

another major midfielder;

a winger;

potentially another right-back;

and perhaps further roster moves.

Spending another €2–4m above the original González valuation has an opportunity cost elsewhere.

That should matter even if Marinakis has authorized aggressive spending. “Regardless of budget” cannot practically mean every player is worth every price.

The current Mexican reporting suggests the compromise zone may finally be visible

Novasports, citing El Horizonte, says a proposal around $10–12m could potentially be enough for Chivas to enter a genuine discussion despite the headline $15m clause. That should not be mistaken for Chivas accepting that number. But it may finally give Olympiacos a clearer view of what the seller considers realistic.

If so, the third bid becomes the important one. Not because third bids have magical significance.

Because Olympiacos now know how far they may actually have to travel.

The next move should tell us whether González is truly the chosen striker

If Olympiacos return with a substantially larger offer, that will be evidence of extremely high internal conviction.

If they stop near €9m and move elsewhere, it will indicate the club has reached its valuation ceiling. Both outcomes can be defensible. The mistake would be allowing the time already invested in negotiations to determine the next decision. Past effort is irrelevant.

Future value is what matters. For now, the most important fact is simple: Chivas have said no twice.

Olympiacos are preparing to ask again.