Manchester City and Atlético Madrid have reached an agreement for striker Julián Álvarez, with the LaLiga side set to pay a staggering amount of up to €95 million for the Argentina international. This deal, which involves an upfront payment of around £64 million, will also include an additional £17 million in performance-based add-ons. This transaction represents City’s record departure, showcasing a significant profit compared to the £14 million they initially spent on Álvarez when he joined from River Plate in January 2022.
Personal Terms and Departure
Sources close to the situation have revealed to ESPN that Álvarez is yet to finalize personal terms with Atlético Madrid, but it is expected to be a mere formality. Despite City’s initial reluctance to part ways with the 24-year-old forward, who played a crucial role in the team’s recent successes, including winning the treble in 2023 and clinching another Premier League title last season, Álvarez’s desire for more playing time has led to this mutual agreement.
Transfer Implications
City’s acquisition of Brazil winger Savinho earlier in the transfer window signaled a relatively quiet summer for the club. However, Álvarez’s imminent departure has prompted City to consider their options regarding a replacement for Erling Haaland. Haaland’s injury woes last season allowed Álvarez to showcase his talent with 54 appearances across all competitions, demonstrating his importance to the squad. Even in the Premier League, Álvarez only missed two games and managed to score 11 goals, highlighting his significant contributions.
Overall, while City will undoubtedly miss Álvarez’s presence on the field, they have managed to secure a lucrative deal for a player whose potential was truly beginning to shine. As the Argentine forward embarks on a new chapter with Atlético Madrid, it will be interesting to see how both clubs fare in the aftermath of this significant transfer.
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