Sky report that VfB Stuttgart have been in discussions over a move for De Cat, with Anderlecht demanding at least €25 million plus bonuses to part with one of the most coveted teenagers in European football.
That fee represents a significant financial stretch for Stuttgart and is only viable if Angelo Stiller, 25, leaves the club this summer — with Juventus leading the pursuit of the first-choice central midfielder at a reported fee of €50 million.
De Cat stands 192 centimetres tall and has established himself as a genuine first-team presence at Anderlecht during his debut senior season, earning one Belgium cap and drawing attention from clubs across five countries with his composure, passing range, and physical presence.
A Brighton offer reported at over €20 million was turned down earlier this year, setting a firm floor for what the Belgian club will accept.
Stuttgart are not alone. Bayern Munich, RB Leipzig, Arsenal, and Newcastle United have all been linked, with Bayern's interest given additional weight by manager Vincent Kompany's deep connections to Anderlecht and Belgian football. Chelsea and Manchester City have also had scouts watching him closely.
De Cat's contract runs until June 2027, meaning he enters his final year this summer. That timeline puts pressure on Anderlecht to sell now at their valuation or face a more difficult negotiation as the expiry draws closer.
Southampton's Caspar Jander, 23, is also on Stuttgart's list as an alternative Stiller successor at a similar price point, giving the club options if De Cat proves financially or competitively out of reach.
Stiller's departure is the key domino. Without that transfer fee coming in, Stuttgart are unlikely to move for a player at this level of demand and asking price.