Arsenal have seen their hopes of landing Julian Alvarez this summer dealt a significant blow after one of Fabrizio Romano’s closest allies delivered a clear verdict on the Atletico Madrid striker’s future intentions.
The Argentina international, who has established himself as one of Europe’s most clinical forwards since joining Atletico from Manchester City in a €95m (£81.8m, $110m) deal two years ago, continues to attract major interest ahead of the transfer window. With 49 goals and 17 assists in 106 appearances for the Rojiblancos — a goal involvement every 1.77 games — Alvarez remains a highly sought-after talent at the age of 26.
As TEAMtalk exclusively revealed in January, Arsenal sporting director Andrea Berta held discreet talks with the player’s camp over a potential Premier League return. However, new information suggests the path to signing him has become considerably more complicated.
Italian journalist Matteo Moretto, a trusted ally of transfer guru Fabrizio Romano, has revealed Alvarez’s firm stance on his next destination. Speaking to Catalunya Radio, Moretto delivered the decisive 11-word message:
“If I leave Atletico Madrid, it will only be to Barcelona.”
The revelation represents a major setback for Arsenal, who had been positioning themselves as serious contenders for the 2022 World Cup winner. While Chelsea had also shown interest, their failure to qualify for next season’s Champions League has effectively ended their hopes of securing his signature.
Barcelona’s Financial Reality vs Strong Admiration
Barcelona, preparing to bid farewell to Robert Lewandowski this summer, have long admired Alvarez. According to Moretto, the Catalan club now plan to accelerate their interest. However, their well-documented financial constraints make an immediate move highly unlikely.
TEAMtalk understands that Barcelona simply do not possess the flexibility required to meet a valuation likely to reach £104m (€120m, $140m). While their interest has not vanished, any realistic pursuit may have to wait until 2027 — a timeline that does not appeal to Alvarez’s camp.
This delay has opened the door for Arsenal and Paris Saint-Germain, though neither club will have an easy route to his signature.
PSG Aggression and Arsenal’s Counter Strategy
PSG are reportedly moving aggressively to position themselves ahead of Arsenal in the race. The French giants view Alvarez as an elite attacking profile capable of leading their next phase under their evolving sporting project. They are even considering whether to include Goncalo Ramos in negotiations with Atletico to gain an edge.
Arsenal, for their part, remain determined not to walk away. Sources indicate the Gunners are open to structured discussions, including potential player-plus-cash deals involving Gabriel Martinelli and others.
“Exactly What Arsenal Need”
Former Arsenal striker Jeremie Aliadiere has been vocal in his support for the move, telling Aceodds.com that Alvarez would be an ideal fit for Mikel Arteta’s side.
“Alvarez will be a great fit because he is that player, but can also play as a nine. He will go and press with a Martin Odegaard next to him,” Aliadiere said.
“I want to see great players at the club, and he’s a top player and proven when he won the World Cup.”
Atletico Madrid manager Diego Simeone recently acknowledged the interest in his star forward, stating: “It’s normal that an extraordinary player like Julian Alvarez is wanted by Arsenal, Paris Saint-Germain, Barcelona. It’s normal because he’s very good.”
While Arsenal continue to monitor Alvarez closely, they are also exploring other options in the striker market, with sources revealing interest in a high-calibre Premier League performer potentially available for around £85m.
The coming weeks will prove critical as Arsenal weigh up whether to push hard for Alvarez or pivot to alternative targets to bolster their attack ahead of what promises to be a vital season.