Arsenal are named as the 'strongest bidders' for Julián Alvarez, according to Marca. The Gunners are exploring multiple striker options this summer, and Alvarez is a key target. However, Alvarez intends to stay in La Liga due to his comfort level at Atlético Madrid. Alvarez moved to Atlético at the start of the 2024–25 season from Manchester City for a reported deal up to €95 million. He delivered 21 goal involvements in 37 league appearances last season.

Arsenal and Liverpool are reportedly interested in signing Julian Alvarez from Atletico Madrid at the end of the season. Arsenal is particularly in need of a high-quality goal-scorer, and Julian Alvarez is seen as a potential leading figure for next season. His potential to add goals and creativity to Arsenal's attack, combined with his versatility and strong work ethic, makes him a valuable target. Meetings with interested clubs are set to start next week, and Atletico Madrid may consider selling him if a substantial offer is made during the summer. The 25-year-old striker, regarded as one of the best in La Liga, has scored 29 goals and provided six assists this season. His previous experience in the Premier League with Manchester City is acknowledged, and Erling Haaland has reportedly described him as an 'amazing footballer.' Arsenal's urgency for a reliable centre-forward is underscored by their recent difficulties in scoring, which have hindered their league title ambitions. Alvarez's capability to play across the front three and his defensive contributions further increase his attractiveness to the Gunners.