This changes everything.” Chelsea earn a massive €87M from the Champions League, giving the club a huge financial boost ahead of the summer window

Reports suggest that Atletico Madrid’s Julian Alvarez has instructed his representative to pursue a transfer to Arsenal. The former Manchester City forward is reportedly unhappy with his situation at the Spanish club, making his future a hot topic in football media circles.

With the season nearing its end, multiple top-tier clubs are monitoring Alvarez’s availability as he explores potential exits. Given Arsenal’s persistent need for striking reinforcements, the Argentine would represent an ideal solution, particularly given his proven track record in England’s top flight with Manchester City.

Alvarez’s apparent discontent at the Metropolitano has attracted widespread attention from Europe’s elite. While Barcelona remains his preferred destination and has maintained long-standing interest, their financial constraints make assembling an acceptable offer to Atletico highly uncertain.

Both Chelsea and Paris Saint-Germain have also been approached by intermediaries. The 26-year-old is believed to have a selective shortlist of clubs he’d consider joining.

Arsenal’s hierarchy has held internal discussions about pursuing Alvarez after sending scouts to observe him recently, reinforcing their continued interest while assessing the requirements for bringing him to North London.

Both Gabriel Martinelli and Gabriel Jesus could feature as part of any potential deal, with sources indicating Arsenal would entertain their departures in 2026 and have considered including either player in an Alvarez package.