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Atletico only see 2 options for Arsenal transfer target

Atletico Madrid want Julian Alvarez to make a quick decision on whether to stay or join a club overseas, refusing to entertain any interest from within Spain.

A shot of Julian Alvarez in an Atletico Madrid kit from below him. It is night
Photo by Fran Santiago/Getty Images

Mundo Deportivo report that Atletico Madrid only see two possible outcomes for Julian Alvarez this summer.

The first is to stay at Atletico and fulfill his contract, which runs to 2030. The second is to accept an offer from England or France, with Arsenal and Paris Saint-Germain as the only serious contenders to sign him.

If Alvarez does want to leave, Atletico want him to make that decision soon, as they’d need time to find a suitable replacement.

Julian Alvarez raises his arm in celebration
Photo by Fran Santiago/Getty Images

Gary Jacob recently reported for The Times that Alvarez has been Arsenal’s primary target this summer, though that appears to have changed a little in the last few days with the emergence of links to Vinicius Junior.

But with a move for Vinicius viewed as a long shot, Alvarez may be a more realistic signing, even if it would still be for big money.

Jacob added that Arsenal would be willing to offer a part swap deal involving Viktor Gyokeres, helping Atletico with their search for a replacement.

Julian Alvarez of Atletico Madrid looks on during the UEFA Champions League 2025/26 Quarter-Final First Leg match between FC Barcelona and Club Atlético de Madrid at Estadi Olimpic Lluis Companys on April 08, 2026 in Barcelona, Spain. (Photo by Eric Alonso/Getty Images)
Photo by Eric Alonso/Getty Images

Atletico chiefs recently released a public statement on their refusal to sell Alvarez this summer, though the comments were always believed to be directed at Barcelona.

The player was reportedly unhappy about the statement, which was posted just days before he was due to play in the World Cup final. But Atletico ultimately hold the cards here, with Alvarez under contract for another four years.

If the relationship between player and club has truly broken down, and if Atletico never change their stance on selling to Barcelona, perhaps Arsenal do have a chance.

Julian Alvarez, in an Atletico Madrid kit, shoots at goal
Photo by Fran Santiago/Getty Images
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