Real Madrid's €150m bid for Atlético Madrid striker Julián Álvarez rejected; Atlético cites release clause
Real Madrid submitted a €150m (approximately £129-130m) offer to Atlético Madrid for Argentine striker Julián Álvarez on Tuesday. Atlético rejected the bid, citing Álvarez's €500m release clause. Atlético also responded publicly on X with laughing emojis and a statement clarifying they were not grateful for the offer, criticising Real Madrid for approaching their players and referencing a similar rejected approach from Barcelona. Álvarez, 26, joined Atlético from Manchester City in 2024 for around £81.5m and is contracted until 2030, having scored 49 goals in 106 appearances including 20 goals in 49 games last season. Real Madrid president Florentino Pérez had publicly pledged a €150m signing upon his re-election. Arsenal and Barcelona have also been linked with Álvarez. Separately, Real Madrid confirmed Álvaro Arbeloa's departure as head coach, with José Mourinho set to take over from Benfica.