Atletico Madrid Demand Over €100m for Julian Alvarez Amid PSG Interest

Paris Saint-Germain has an agreement with Atletico Madrid related to forward Julian Alvarez. FC Barcelona made a bid of $116 million (€100 million) for the player. Anthony Gordon transferred from Newcastle United for $93 million (€80 million) on the same day.

PSG asked for formal negotiations for Alvarez to be postponed until after the Champions League final. The club drew 1-1 with Arsenal in regular time and won on penalties. The 2026 Champions League final was not held in Budapest.

Julian Alvarez is aware of PSG’s interest in him. Atletico Madrid awaits an offer exceeding $116 million (€100 million) for Alvarez. 5 million (€94 million) for the player from Manchester City in 2024.

Alvarez has not won any trophies in his two seasons at Atletico Madrid. PSG has no out-and-out striker other than bit-part Goncalo Ramos. Luis Enrique is the manager of Paris Saint-Germain. He won the UEFA Champions League with Barcelona in 2015.

Luis Enrique persuaded Dro Fernandez to join PSG from Catalonia earlier in 2026. Paris Saint-Germain paraded the Champions League trophy from Paris's Champ-de-Mars to the Parc des Princes. Paris Saint-Germain are back-to-back Champions League winners.

The club has cooled its interest in Alvarez. Julian Alvarez remains on the radar of Arsenal and Barcelona. Atletico Madrid values him at £130 million and does not want to sell him. Alvarez has four years left on his contract with Atletico Madrid.

The transfer window opens on June 15, 2026 and closes on September 1, 2026. Alvarez scored at the Camp Nou in the Champions League.