At 26, Alvarez is eager to depart from Atletico Madrid but has a strong desire to join Barcelona. Atletico Madrid, however, has firmly stated its intention to retain Alvarez, considering him one of their top talents, and has communicated this stance both privately and publicly numerous times.

In light of this, Barcelona appears to have shifted focus, nearing an agreement to acquire Gabriel Jesus from Arsenal for approximately €14 million, inclusive of add-ons. Jesus was recently seen in Barcelona, suggesting an imminent transfer to Camp Nou.

Meanwhile, Arsenal is reportedly prepared to offer as much as £128 million for Alvarez, potentially making him the most expensive signing in British football history, surpassing the previous record held by Alexander Isak at £125 million. Although Atletico is open to negotiating a deal with Arsenal, Alvarez has conveyed, through reliable sources, that he is not inclined to join the Premier League champions and has allegedly informed Mikel Arteta of his preference.

Despite Alvarez’s lack of interest so far, Arsenal remains undeterred. According to Graeme Bailey from TEAMtalk, the club is actively working to make the transition to London as appealing as possible for Alvarez, taking into account his desire to relocate with extended family members currently residing with him in Spain. This consideration introduces complexities related to visas and housing, but Arsenal has assured they would address these concerns comprehensively.

In a notable effort to sweeten the deal, Arsenal is also contemplating a ‘Barcelona clause’ that would permit Alvarez to eventually join Barcelona after a period at the Emirates, though they would seek terms that safeguard their own interests regarding transfer fees and timing.

As the transfer deadline approaches, Alvarez has yet to indicate a willingness to move to Arsenal, but the Gunners are exhaustively exploring all options to alter his decision by the deadline.