Julián Álvarez

Recent reports from October 2026 suggest Atlético Madrid's valuation of the player dropped from €200 million to €120 million. During the summer 2026 window, Barcelona reportedly made several offers around the €100 million mark, which were rejected, though they were said to be prepared to pay up to approximately €150 million (£128m). Arsenal was also reportedly prepared to pay €150 million, a figure Atlético was seemingly willing to accept from them. A reported €150 million offer from Real Madrid was rejected in June 2026. Other clubs have been linked with significant figures, including Tottenham and Bayern Munich with potential €130 million offers, and Chelsea with bids reportedly up to €150 million. Atlético Madrid, who paid a total of €95 million for the player in August 2024, has consistently pointed to a very high release clause when rejecting bids.

Our valuation is driven by numerous reports from the summer 2026 transfer window and beyond. The lower bound is set by a reported drop in Atlético Madrid's asking price to €120 million in October 2026. The upper bound reflects multiple reported bids and willingness to pay around €150 million from clubs like Arsenal and Real Madrid, which Atlético rejected or considered. The strong desire of Julián Álvarez to leave, contrasted with his club's reluctance to sell, places the most likely value between these two figures.