FC Schalke 04 aims to return to the top and needs to strengthen its squad again. The club is fighting for young star Sofiane El-Faouzi, who is set to extend his contract. FC Schalke 04 has secured the services of a 16-year-old talent from FC St. Gallen. The U-Nationalspieler will join the team in the summer. Details of the Schalke transfer can be found here. FC Schalke 04 is likely to miss out on Cedric Itten, who is reportedly close to joining a Bundesliga rival. The deal is expected to be completed soon. More information can be found here. A major development is underway! Rising star Soufiane El-Faouzi is reportedly close to signing a new contract with Schalke 04 until 2030. This would either keep the player at the club for longer or bring in a significant transfer fee. The club is reportedly willing to pay up to 15 million euros for the player. A transfer fee of 200,000 euros last year would have been a good deal. Due to the DFL's five-year valuation, Schalke is ranked behind the third promoted team in the TV revenue table.