Arsenal could be preparing for a major summer transfer splash, with reports from Spain linking the Premier League side to Atlético Madrid striker Julián Álvarez. According to Spanish outlet Sport, the Gunners are willing to “break the bank” in their pursuit of the Argentina international, despite already reinforcing their forward line with Viktor Gyökeres last summer. Mikel Arteta is believed to be keen on adding more attacking depth as Arsenal continue their push for domestic and European success.
Álvarez has emerged as one of the most talked-about names ahead of the upcoming transfer window, with both Arsenal and Chelsea reportedly tracking his situation. While the former Manchester City forward would prefer a move to Barcelona, financial constraints at the Camp Nou could complicate any deal. Atlético Madrid, who signed the World Cup winner for a significant fee, are understood to be open to a sale if an offer in the region of £87 million is submitted.
The 26-year-old enjoyed a sensational first season in Spain after his move from Manchester City, producing goals and assists at an impressive rate across all competitions. Although his output has dipped this campaign — particularly in La Liga — Álvarez remains a highly valued asset. His current goal drought has not diminished interest from top clubs, who continue to view him as a proven performer at the highest level.
Arsenal’s interest is largely driven by Álvarez’s Premier League pedigree and tactical versatility. During his two seasons at Manchester City, he delivered consistently despite often operating in a supporting role behind Erling Haaland. His ability to drop deep, link midfield play, and press aggressively offers a different attacking dimension compared to Gyökeres, who thrives as a traditional number nine.
A potential move for Álvarez could also reshape Arsenal’s current attacking setup. Gabriel Jesus is set to enter the final year of his contract and may look elsewhere for regular minutes if competition intensifies. As the summer transfer window approaches, Arsenal’s pursuit of Julián Álvarez is shaping up to be one of the stories to watch, with the club seemingly ready to make a statement signing.
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