They appear to have relaxed the cap a bit with it increasing incrementally - but not by much more than 1m. Probably watching the Funckmeister's MV when he reaches next Q will tell you if thats the true Cap for your current level.
Last few seasons I noted the caps in the player max values available to me on TM has been 102, 104 and 105. I then thought Player Value Cap was = to next Seasons TM cap, since Harper was 104 & 105 respectively. But that's not true since he regained 7* yesterday and he's still 105m. I'll keep watching.
But to answer your question >.< yes, kynan and others reported last Season (around the financial 'stuff' update) that MV was increasing very slightly under conditions when it wasn't before.