Atletico Madrid close to signing Alvarez for a reported fee of at least £70m

August 5, according to British media outlet TheAthleticFC, Atletico Madrid are close to reaching an agreement with Manchester City to sign Alvarez.

Atletico Madrid close to signing Alvarez for a reported fee of at least £70m

The report claims that Atletico Madrid are on the verge of finalizing a deal with Manchester City for Alvarez, but the two clubs are still negotiating the final price and payment terms, which are not expected to be less than €70 million.

Previous reports indicated that Atletico were keen on signing Alvarez, and negotiations are currently focused on the transfer fee. Atletico’s offer stands at €55 million plus bonuses, totaling €70 million. However, the €70 million is below Manchester City’s asking price, who are seeking £70 million plus an additional £20 million in add-ons. Atletico are reportedly pessimistic about reaching an agreement under these conditions.

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