Manchester City have reportedly agreed to the sale of striker Julian Alvarez to Atletico Madrid for an initial fee of £64m with add-ons to the deal having the potential to swell its value beyond the £80m mark.
Transfer expert that the final terms of the deal are still being worked out, with both teams wrangling over the precise amount and payment arrangement.
This deal ends Alvarez s brief but significant spell in the Premier League, as he heads to Spain in what uis shaping up to be a record sale for the English club.
Alvarez, who joined from River Plate in January 2022 for £14m, has since become an important figure for Pep Guardiola. He just extended his deal through 2028, demonstrating his worth and potential. Last season, the versatile attacker appeared in 54 games in all competitions, scoring 19 goals and assisting 13 times. His performances were crucial in City s treble-winning season, which saw them lift the Premier League, Champions League, and FA Cup in 2023.
Alvarez s credentials on the interantional stage are shaping up to be just as excellent. He played a key role in Argentina s 2022 World Cup victory in Qatar and has two Copa America winners medals. He has also played an important role in the Argentine squad during the men s football event at the Paris Olympics, when they advanced to the last eight and narrowly missed out on a medal.
Despite the clear quality of Alvarez, the indications are that Man City do not feel the need to seek an immediate replacement given the attacking players they already have on their books.
Alvarez will be Atletico s third signing this summer, after Real Sociedad s Robin Le Normand and Villarreal s Alexander Sorloth.
Atletico is also allegedly interested in Chelsea s Conor Gallagher, who turned down two recent contract offers.
Alvarez s arrival will strengthen Diego Simeone s team as they try to compete for La Liga and European titles in the coming term.
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