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Arsenal Explore Player-Plus-Cash Bid for Atlético’s Julián Álvarez

Reports indicate Arsenal are weighing the inclusion of Gabriel Jesus or Gabriel Martinelli to meet Atlético’s price.

Overview

  • Coverage says intermediaries linked to Álvarez have alerted a narrow group of clubs as the forward is reported to be frustrated with life at the Metropolitano.
  • Arsenal scouts have watched Álvarez in recent weeks and sporting director Andrea Berta, who previously signed him for Atlético, is credited with driving internal discussions.
  • Multiple elite suitors are linked, with reports in Spain mentioning offers from Manchester United and Chelsea and further interest from PSG and Barcelona.
  • Atlético are expected to demand a substantial fee reported at around nine figures, and Álvarez’s long contract places the La Liga club in a strong negotiating position.
  • Reports add that Arsenal are not pushing Jesus or Martinelli out but would be open to their departures in 2026 and to using one as a makeweight in a summer proposal.