However, Marca reports that Alvarez has rejected Atletico’s offer of an improved contract and has told the club that he wants to join ‘a more ambitious project’.
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The report adds that Alvarez’s target destination is Barcelona but a deal with the La Liga champions will be difficult as Atletico are demanding a €150m (£129.5m) transfer fee.
Atletico Madrid are demanding a €150m (£129.5m) transfer fee for Julian Alvarez (UEFA via Getty)
Meanwhile, Radio Marca’s Roberto Gomez has revealed that Atletico have privately urged Alvarez to resolve his future quickly.
‘Atletico Madrid has issued an ultimatum to Julian Alvarez,’ Gomez said.
‘If you have an offer, make it now. Don’t wait here until August 14 or 15 at midnight. We don’t want any summer snakes or sharks.’
Alvarez has not won a trophy in two seasons with Atletico but has 49 goals and 17 assists in 106 appearances.
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