Son Heung-min (33, Tottenham Hotspur) is emerging as the biggest variable in this summer's transfer market. With only one year remaining until the contract expires, the possibility of a transfer has gained momentum due to the achievement of his first victory on the European stage and the team's generational shift.

Son Heung-min led his team as captain to victory in the UEFA Europa League final for the 2024-2025 season. It was the first European competition win in 17 years, and personally, it was his first trophy since joining Tottenham. To commemorate this, Tottenham officially registered Son Heung-min alongside Alan Mullery (1972) and Steve Perryman (1984) in the list of captains who lifted a European trophy, showing historical respect.

However, there are analyses suggesting that this victory could be a prelude to a farewell. Matt Law of The Telegraph reported that “immediately after the final, Son Heung-min seemed to hint at parting with teammates and staff in the locker room.” Law's statement, which is well-informed regarding local club news in London, is being taken seriously.

Alasdair Gold, an expert on Tottenham, also analyzed that “Son Heung-min appears more open to a transfer than ever, and if an appropriate offer comes, the likelihood of parting significantly increases.” TBR Football added, “Having ended this season beautifully, Son Heung-min is preparing for a positive farewell.”

In fact, Tottenham also opted for a realistic choice instead of a long-term contract extension. It has been interpreted that they are focusing more on securing transfer revenue rather than a miraculous continuation by only exercising a one-year extension option earlier this year. Football Insider analyzed that “this summer represents the last monetization moment for Son Heung-min, and Tottenham no longer has any justification to keep him.”

Interest from Saudi Arabian clubs is also reigniting. Some clubs have reportedly offered transfer fees ranging from £50 million to £60 million (93 billion to 111.6 billion won). Various clubs in Europe are also paying attention to Son Heung-min's experience and brand value, indicating that his presence directly relates to the club's revenue structure beyond mere enhancements to the team.

Son Heung-min holds absolute influence in the Asian market. He is closely linked to various revenue factors such as uniform sales, broadcasting rights, and sponsorships, which makes it difficult for Tottenham to easily let him go.

However, internal dynamics at Tottenham are also changing. Tottenham dismissed manager Ange Postecoglou and appointed Thomas Frank. Frank is reportedly promoting team rebuilding and generational change, indicating that he will not guarantee a starting position for Son Heung-min. SpursWeb reported that “Frank has hinted at a limited role for Son Heung-min, which could motivate a transfer decision.”

There are also critical voices. Former Tottenham midfielder Jamie O'Hara said, “The Premier League is now too fast for Son Heung-min,” and added, “If he wants to remain a legend, now is the best time to leave.”

The timing of Son Heung-min's transfer decision is likely to be in mid-August. Tottenham will embark on an Asian tour starting at the end of July and will play a friendly match against Newcastle in Seoul on August 3. During this period, Son Heung-min is obligated to play according to his contract, making it difficult for him to leave the team. There is also an analysis that a maximum fine of £2 million (3.7 billion won) could occur for breaching the event contract.

Ultimately, the final decision regarding Son Heung-min is expected to come after the Asian tour. Tottenham will clash with Paris Saint-Germain in the UEFA Super Cup on August 13. Initially, a ‘Korean Derby’ between Son Heung-min and Lee Kang-in was anticipated, but speculation about potential transfers for both players has emerged, raising concerns that this match may not take place.

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