On August 5, according to British media outlet Sky Sports, Atletico Madrid are still in talks with Manchester City regarding a potential transfer for Alvarez, with their current bid standing at €70 million, but it remains below City’s valuation expectations.
It is understood that Atletico Madrid initiated formal discussions with Manchester City last weekend, offering a package of €55 million plus €15 million in add-ons, totalling €70 million. However, this falls significantly short of City’s previous valuation of the “little spider,” which is currently estimated at €90 million.
Previous reports suggest that Paris Saint-Germain recently submitted a bid of €60 million for Alvarez. The 24-year-old forward made 54 appearances for Manchester City last season, scoring 19 goals and providing 13 assists.
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