Overview
- Early June reports say Arsenal are prepared to open formal talks with Atlético Madrid for Julián Álvarez and value him at about €150 million.
- Atlético have publicly denied a reported €100m offer and note Álvarez is under contract until 2030 with a €500m release clause.
- The club has begun contingency planning and has identified Victor Osimhen as the striker it would target if Álvarez leaves.
- Multiple outlets report Álvarez has rejected an improved Atlético contract and that Barcelona remains his preferred destination while PSG have stepped back.
- Atlético paid roughly £81.5m for Álvarez and his 29 goal contributions this season explain why clubs are willing to pay a premium and why the transfer could reshape both Atlético’s finances and Arsenal’s attack.