Need to know
Alvarez is part of the Argentina squad hoping to retain the World Cup when they face Spain in the final tonight
Julian Alvarez of Argentina celebrates during the FIFA World Cup 2026 Semi Final match between England and Argentina
Manchester City stand to profit from any deal that takes Julian Alvarez away from Atletico Madrid this summer
Everything you need to know about Julian Alvarez windfall Man City could net
City sold Alvarez to Atletico Madrid in 2024 for £64.4m and there were several add-ons included in the deal making the total package worth £81.5m.
The Blues have a 10 per cent sell on clause on any profit should Alvarez move on.
Alvarez has been linked with Premier League champions Arsenal while Real Madrid had a £130million offer turned down by their city rivals and Barcelona are also keen
The level of bonuses, and whether those clauses have been met, mean calculating the exact windfall City would receive is difficult, but it’s understood the Blues would get around £4m from a £120m sale or £8m from a £160m sale.
City regularly insert multiple clauses into deals around sell-ons and future successes, while a number of young players depart with matching clauses, meaning City can return with a bid should another club show an interest, as the Blues did with James Trafford last summer.
Alvarez, 26, won the Treble in his first season at the Etihad and collected six major honours during his two-year stay in Manchester before becoming the club's record sale. His deal with Atletico contains a €500m release clause.