With the Lionel Messi-Cristiano Ronaldo duopoly presumably disappearing into the rearview mirror, the battle for the Ballon d'Or hasn't felt so open for the best part of 20 years, with countless players now beginning each campaign believing they have a chance of claiming the most prestigious individual prize football has to offer. Ousmane Dembele emerged from a career plagued with inconsistencies to win the Golden Ball in 2025, and he was among a crowded field of contenders as the 2026 race got going.
Dembele largely secured the award off the back of his performances in helping Paris Saint-Germain win their first European Cup, and the Champions League is yet again likely to have a big say on the Ballon d'Or battle this time around. However, it's also a World Cup year, so there is a chance that the eventual winner doesn't become clear until the summer in North America.
Don't forget, too, that the Africa Cup of Nations will also be taken into account, meaning there could be some players who not only shine for their clubs but also impress at two major tournaments over the course of the campaign.
The Ballon d'Or race is a marathon not a sprint, and it's worth bearing in mind that Dembele didn't emerge as a potential victor until midway through the 2024-25 campaign. However, with the European season now past its halfway mark and the Champions League knockout rounds under way, GOAL's Ballon d'Or Power Rankings continue to track the likeliest winners of the Golden Ball over the coming weeks and months:
Previous update: January 30, 2026.