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Will Julian Alvarez Choose Chelsea or Arsenal in a Record-Breaking Transfer?

Will Julian Alvarez Choose Chelsea or Arsenal in a Record-Breaking Transfer?

Published: 2026-02-05 19:28:01 | Category: Football

Arsenal and Chelsea are reportedly prepared to make significant financial investments to secure the signing of Julian Alvarez this summer. However, the Argentine forward currently favours a move to Barcelona if the opportunity arises. Alvarez, who previously played for Manchester City, has been under the spotlight following his transfer to Atletico Madrid, where he has had a mixed performance this season.

Last updated: 06 October 2023 (BST)

What’s happening now

As the summer transfer window approaches, both Arsenal and Chelsea have expressed a strong interest in signing Julian Alvarez. Arsenal's sporting director, Andrea Berta, who was instrumental in Alvarez's previous £81 million move from Manchester City to Atletico Madrid, is key to any negotiations. Although both Premier League clubs are eager to bring the World Cup winner back to England, reports indicate that Alvarez is leaning towards a move to Barcelona if they make a formal offer.

Key takeaways

  • Julian Alvarez's future is uncertain as both Arsenal and Chelsea prepare to make substantial offers.
  • Alvarez prefers a move to Barcelona over a return to the Premier League.
  • Negotiations may hinge on Andrea Berta's involvement and Atletico Madrid's financial demands.

Timeline: how we got here

The journey of Julian Alvarez in the transfer market has been marked by significant events:

  • Summer 2024: Alvarez moves from Manchester City to Atletico Madrid for £81 million.
  • September 2023: Alvarez scores his last goal from open play in La Liga.
  • October 2023: Arsenal and Chelsea show interest in signing Alvarez for the upcoming transfer window.

What’s new vs what’s known

New today/this week

Recent reports indicate that Alvarez's agent, Fernando Hidalo, has been in the UK, hinting at potential discussions with both Arsenal and Chelsea. However, Alvarez's preference appears to be leaning towards a move to Barcelona, should they enter the race.

What was already established

Alvarez has had a successful career, notably scoring 36 goals in 103 appearances for Manchester City. His form has fluctuated since joining Atletico Madrid, where he scored 29 goals in his first season but has struggled in the current campaign. Diego Simeone, Atletico's manager, has defended Alvarez amid concerns over his recent performances.

Impact for the UK

Consumers and households

The pursuit of Julian Alvarez by two of England's top football clubs, Arsenal and Chelsea, could have broader implications for fans and ticket sales. A high-profile signing like Alvarez can increase merchandise sales, ticket demand, and overall engagement among supporters.

Businesses and jobs

For clubs like Arsenal and Chelsea, securing a player of Alvarez's calibre could have a significant impact on their competitiveness in both domestic and European tournaments. This, in turn, could influence job security for coaching staff and players, as well as business operations within the clubs.

Policy and regulation

The financial aspects of this potential transfer will be closely monitored, particularly regarding UEFA's Financial Fair Play regulations. Clubs must ensure they remain compliant while engaging in high-value transfers, which can affect their operational strategies moving forward.

Numbers that matter

  • £81 million: Transfer fee for Alvarez from Manchester City to Atletico Madrid.
  • 36 goals: The total number of goals scored by Alvarez in 103 appearances for Manchester City.
  • 29 goals: Goals scored by Alvarez in his first season at Atletico Madrid.
  • 7 goals: Alvarez's tally in La Liga so far this season out of 22 appearances.
  • €100 million: Estimated amount needed to tempt Atletico Madrid into selling Alvarez.

Definitions and jargon buster

  • UEFA: Union of European Football Associations, the governing body for football in Europe.
  • Financial Fair Play: Regulations set by UEFA to prevent clubs from spending beyond their means.

How to think about the next steps

Near term (0–4 weeks)

In the coming weeks, fans should keep an eye on any official announcements regarding Alvarez’s future, as negotiations are likely to intensify between the clubs involved.

Medium term (1–6 months)

As the summer transfer window approaches, expect more updates about potential signings and player movements. Clubs will also be assessing their current squads and financial positions during this period.

Signals to watch

  • Official statements from Arsenal, Chelsea, and Atletico Madrid regarding Alvarez.
  • Reports on any agreements or negotiations between clubs or with Alvarez's representatives.
  • Updates on Barcelona's financial position and their interest in Alvarez.

Practical guidance

Do

  • Stay informed on news regarding Alvarez and potential transfers.
  • Engage with club communications for updates on signings.

Don’t

  • Jump to conclusions about Alvarez’s future without confirmed reports.
  • Neglect to consider the financial implications for clubs involved in high-value transfers.

Checklist

  • Follow trusted sports news outlets for updates on player transfers.
  • Monitor the official social media channels of the clubs for announcements.
  • Assess the performances of Alvarez in upcoming matches.

Risks, caveats, and uncertainties

While interest in Julian Alvarez is high, uncertainties remain regarding Atletico Madrid’s willingness to sell and Barcelona's financial capabilities to make an offer. Additionally, Alvarez's recent dip in form could impact his market value and desirability among clubs.

Bottom line

Julian Alvarez's potential transfer to Arsenal or Chelsea could reshape the Premier League landscape, but his preference for Barcelona complicates matters. Fans and analysts alike should watch closely as developments unfold in the coming months.

FAQs

What is Julian Alvarez's current club?

Julian Alvarez currently plays for Atletico Madrid, having transferred from Manchester City in the summer of 2024.

Which clubs are interested in signing Julian Alvarez?

Arsenal and Chelsea are reportedly interested in signing Julian Alvarez, though he prefers a move to Barcelona if they make an offer.

What has been Julian Alvarez's performance in La Liga this season?

This season, Alvarez has scored 7 goals in 22 La Liga appearances, with a notable struggle for form in recent matches.


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