Overview
- PSG has advanced for Atlético Madrid’s Julián Álvarez, with multiple outlets on Tuesday reporting talks and a proposal near €150 million built with cash and player swaps.
- Luis Enrique is driving the bid and has spoken with Álvarez about his role in Paris, according to French and Spanish reports.
- Atlético holds leverage with a contract running to 2030 and a reported €500 million release clause, and is said to value a deal in the €100–150 million range.
- Álvarez has said he is happy in Madrid yet undecided about next season, and he plans to weigh offers after the 2026 World Cup.
- Arsenal and Barcelona have also asked about the striker, pointing to a bidding race once the tournament wraps up.