Atletico Madrid and Manchester City deal for Julian Alvarez

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By Martin Graham | 6th Aug 2024
Atletico Madrid and Manchester City have come to terms on an £81.5 million deal for forward Julian Alvarez. This significant transfer involves an upfront payment of £64.4 million (75 million euros) and potential add-ons amounting to £17.1 million (20 million euros). This transaction sets a new record for Manchester City, eclipsing the £50 million Chelsea paid for Raheem Sterling in 2022.

Alvarez had stated he would decide on his future following Argentina’s participation in the 2024 Olympics, where they were recently eliminated by host nation France. Manchester City’s manager, Pep Guardiola, had expressed his desire to retain the 24-year-old, emphasizing his importance to the squad before the season began. However, Guardiola also noted that the club would not prevent a player from leaving if they wish to, as demonstrated in past instances with Ilkay Gundogan, Riyad Mahrez, and Aymeric Laporte.

Julian Alvarez’s Journey and Atletico’s Ambitions
Julian Alvarez moved to Manchester City in 2022 from River Plate for £14.1 million. During his stint with City, he netted 36 goals in 106 appearances and played a crucial role in City’s Treble-winning season, as well as Argentina’s 2022 World Cup triumph in Qatar. Despite Guardiola’s initial plans to keep him, Alvarez’s career path now appears set for a major change with this high-profile switch to Atletico Madrid.

Atletico Madrid is also in advanced stages of securing Chelsea midfielder Conor Gallagher, showcasing their intent to strengthen their squad for the upcoming season. Alvarez’s potential move is expected to significantly enhance Atletico’s attacking capabilities.

As the finalization of personal terms is awaited, the football community watches closely. This move is poised to significantly impact Alvarez’s career trajectory and the competitive landscape of both clubs.

Martin Graham is an MFF sports writer