Atletico Madrid have set Julian Alvarez a deadline to decide his future amid interest from Arsenal, Paris Saint-Germain and Barcelona. The forward is expected to leave the Spanish capital this summer, two years after joining from Manchester City in a deal worth around £81 million.
Arsenal's sporting director, Andrea Berta, negotiated that move before moving to north London. Alvarez still has four years left on his contract but recently rejected an extension offer. Arsenal reportedly considered signing Alvarez last season before opting for Viktor Gyokeres, but interest remains strong.
However, Arsenal face stiff competition. PSG have signalled willingness to meet Atletico's €125 million (£108 million) asking price, while Barcelona are Alvarez's preferred destination. Fabrizio Romano reported that Barcelona are preparing their first bid, following talks with the player's agent.
Barcelona recently had a £70 million bid accepted by Newcastle for Anthony Gordon. Adding Alvarez would take their spending to nearly £200 million before the transfer window opens. Atletico want the situation resolved quickly, with Diego Simeone keen to avoid disrupting pre-season preparations. Alvarez is expected to decide his future before the World Cup begins in just over two weeks.
