Ricardo Pepi

Fulham are closing in on the signing of Ricardo Pepi, with the long‑running move from PSV Eindhoven now nearing completion.

Multiple Dutch sources, including De Telegraaf, report that PSV Eindhoven have reached a verbal outline agreement with Fulham. It will be one of the Dutch club’s biggest outgoing deals in years.

Transfer fee and contract details

The deal is valued at €36m, with performance‑related bonuses potentially taking the total cost to €40m. PSV have also secured a sell‑on clause as part of the agreement.

For PSV, the sale represents a major financial boost ahead of the summer window and underlines Pepi’s rapid development since arriving in Eindhoven.

Fulham’s long‑running pursuit

Fulham’s interest in Pepi dates back several months. During the January transfer window, Fulham submitted an offer that PSV considered seriously.

They ultimately decided to delay Pepi’s departure, though, as they were unable to secure a replacement before deadline day. Even then, though, the expectation was clear; Fulham would return in the summer offering similar terms. That has now come true.

The deal for Pepi is now moving quickly. Pepi is expected to travel to London in the coming days to complete a medical and agree personal terms.

If completed, the move would make Pepi one of the most expensive American players in football history. For PSV, the timing is ideal. The club can now plan the summer window with clarity, knowing a major sale is secured early.

A major step for club and player

Couhaib Driouech, Ricardo Pepi
EINDHOVEN, NETHERLANDS – OCTOBER 21: Ryan Flamingo, Couhaib Driouech, Dennis Man Ricardo Pepi of PSV during UEFA Champions League League Phase MD3 match between PSV and SSC Napoli

Pepi’s development in Eindhoven has been closely monitored across Europe. He has impressed with his finishing, off‑the‑ball movement and mentality. His record of 39 goals and eight assists in 95 appearances highlights his consistency at club level.

The Premier League represents a significant step up, and some observers have questioned how quickly Pepi will adapt.

But Fulham clearly believe the 23-year-old has the profile to thrive in England’s top flight.

After months of talks and a January near‑miss, the move now looks set to be completed, with all parties aligned.