Transfermarkt.de website has raised the market value of Armenian midfielder Henrikh Mkhitaryan.

The 26-year-old Armenian international, who currently plays for Borussia Dortmund, now costs €22 million (up from €18 million), Armsport.am reports.

The change is probably connected with the player’s successful performance in Bundesliga and Europa League this season.

Mkhitaryan’s market value was at its highest (€26 million) between August 27, 2013 and February 4, 2015.