Real Madrid have revealed they have had a €150m (£129.4m) bid for Julián Alvarez rejected by city rivals Atlético Madrid. The Argentina striker has scored 49 goals in 106 appearances for Atlético since joining from Manchester City in 2024.
The 26-year-old, whose contract runs until 2030, reportedly wants to leave and has been linked with Arsenal and Barcelona. Florentino Pérez vowed before his reelection as Real’s president to submit a club-record offer for an unnamed “great player”.
“Real Madrid CF announces that, following the meeting of the board of directors held today, it has made an offer of €150m to Club Atlético de Madrid for the federative rights of the player Julián Alvarez,” the club said.
“After reviewing and evaluating the offer, Club Atlético de Madrid has expressed its gratitude for the proposal, made within the framework of the good relations between both clubs, and has rejected it, referring to the player’s release clause.”
Alvarez, who is preparing for Argentina’s World Cup defence, scored 20 goals in 49 matches for Atlético this season, with 10 coming in the Champions League.
Meanwhile, Álvaro Arbeloa has left Real Madrid, paving the way for José Mourinho to return as head coach. Madrid said it was “deeply grateful” to Arbeloa, “who throughout his career at the club, from the time he joined our academy, has always demonstrated loyalty, commitment, and professionalism.”
Arbeloa took over the helm in January, replacing Xabi Alonso.
