According to Diario As, Obed Vargas was unable to move to Alavés on loan because Antonio Blanco did not leave Vitoria as planned.

Mundo Deportivo reports that Obed Vargas will remain at Atlético de Madrid for the 26-27 season, despite having attracted interest from several clubs in Spain and outside the country. Teams such as Alavés were monitoring the footballer. In recent weeks, as many as three teams considered the acquisition of the midfielder complete, with Deportivo Alavés first believing they had signed him. However, none of the options were completed. A loan for Vargas was considered so he could have greater continuity and receive regular minutes, but negotiations were not finalized because some of the most plausible destinations were unable to accommodate the terms of the deal.

Mundo Deportivo reports that Obed Vargas was initially near to joining Deportivo Alaves, but in recent days Sevilla took more decisive action and arranged his loan instead.

Obed Vargas is nearing a move to Alaves, with negotiations to finalize his arrival on loan from Atletico Madrid having progressed over the weekend. The agreement is not yet fully closed, according to ESPN, and the Basque club has been working for several days to finalize the operation. The departure of Antonio Blanco could be a key factor for Alaves to make space for the Mexican midfielder, and the club acknowledges that resolving Antonio Blanco's exit is the primary remaining issue. Alaves internally recognizes that the loan is a genuine possibility, and Diego Simeone opted not to risk the Mexican player before his future is resolved.