Manchester City have agreed a deal worth up to €95m (£81.5m) with Atlético Madrid for the striker Julián Álvarez, a record sale for the club. The Premier League champions are due to receive an initial €75m that could rise based on numerous clauses, as the Spanish side work to settle personal terms with the Argentinian.
The World Cup winner has been eager to be a more significant player because, despite making 54 appearances and scoring 19 goals last season for City, he was seen as Erling Haaland’s understudy and rarely got to start in his preferred number 9 role when the Norwegian was fit.
It could be a busy few days for Atlético, who have agreed a £33m fee with Chelsea for the midfielder Conor Gallagher. Álvarez would become the second striker in this window to join Atlético, who have also bought Alexander Sørloth from Villarreal. They have also brought in defender Robin Le Normand from Real Sociedad.
City are in line to make a healthy profit on the 24-year-old Álvarez, who joined in 2022 from River Plate for an initial £14m. Since then he has won every major competition he could in world football, including the Premier League, Champions League, Copa América and World Cup.
‘We are better with Marcus Rashford’ - Ruben Amorim urges striker to stay at Manchester United
Marcus Rashford ‘ready for new challenge’ as Manchester United exit moves closer
Liverpool’s Arne Slot says Premier League referees are testing his patience
Champions Shelbourne to host Derry City in Premier Division 2025 season opener
City’s previous record sale was the £55m earned from the departure of Ferran Torres for Barcelona. Manager Pep Guardiola has said they would seek signings only if someone leaves. Considering the number of minutes Álvarez played last season, it is likely City will enter the market, their only senior signing this summer is the forward Savinho from Troyes.
Álvarez is resting after a busy summer during which he won the Copa América before helping Argentina reach the quarter-finals of the Olympics, where they lost to France.
City face Manchester United in the Community Shield on Saturday before starting their Premier League campaign at Chelsea the following Sunday.
Meanwhile, Newcastle are cautiously optimistic Marc Guéhi will start the season as a key component of their squad. Negotiations with Crystal Palace over the England defender’s proposed €70m-plus move are believed to be progressing well and, crucially, Guéhi has indicated he is extremely keen on relocating to St James’ Park.
The 24-year-old is due to rejoin Palace’s first-team squad for pre-season training on Wednesday after his exertions with England at the European Championship in Germany but could soon be rerouted to Newcastle.
Although an agreement is still to be reached with Palace, and until certain details are finalised the move remains in danger of being hijacked, Newcastle are in touching distance of completing a marquee signing.
Guéhi was one of England’s best performers at Euro 2024 and is regarded as an ideal long-term partner for Sven Botman by Newcastle. With Botman recovering from an anterior cruciate ligament repair, recruiting a central defender has been a priority for Newcastle and they hope a deal for the defender could be completed this weekend.
Although Palace rejected Newcastle’s opening bid last week, it seems they are minded to cash in on a player with two years remaining on his contract and an apparent desire to leave.
A move north-east when Guéhi has attracted a number of admirers, Liverpool included, would represent quite a coup for Paul Mitchell, Newcastle’s new sporting director. It would also reassure Eddie Howe of the club’s ambition at a time when he looms large on the Football Association’s shortlist to replace Gareth Southgate as England manager.
