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A fee has already been agreed in a Mayfair meeting, and Alvarez’own agent is pushing Arsenal move

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julian alvarez | Premier League News Now

Atletico Madrid want Julian Alvarez to join Arsenal, and the picture emerging around this deal suggests it is considerably further along than most people realise. According to transfer insider Franchise, a fee has already been agreed and the player himself is very open to the move.

#Atleti want Julian Alvarez to join Arsenal. They do not want him and his attitude at the club anymore, my understanding is the player is very open to Arsenal, should he be told 100% Barcelona cannot sign him. Whether he leaves Atleti is in his power, as the club are open to… https://t.co/Kl5MPZl53b

— Franchise (@franchisexcl) August 25, 2026

Why Atlético want Julian Alvarez gone

The framing here is blunt. Atlético do not want Alvarez or his attitude at the club any longer, and they are open to letting him leave. Crucially, they will only sanction a move to PSG or Arsenal, and PSG have now dropped their interest entirely because they do not believe he is committed to their project. That leaves exactly one door open.

Álvarez is understood to be very open to Arsenal, provided he is told definitively that Barcelona cannot sign him. Whether he actually leaves is largely in his own hands, since the club have already made their position clear.

The fee is already agreed with Arsenal

This is the detail that changes the complexion of the whole thing. Arsenal have the funds available, and Andrea Berta is reported to have already reached an agreement on a fee during a meeting in Mayfair with a member of the Atlético hierarchy. That is not an exploratory conversation, that is two clubs finding common ground.

Julian Alvarez agent has also apparently spoken directly to both Mikel Arteta and Berta, and came away recommending Arsenal to his client, with the project described as sounding excellent. His wage demands are reportedly something Arsenal are willing to meet too, which removes another common sticking point in deals of this size.

Could this be the biggest signing in Premier League history?

Franchise described Alvarez Arsenal transfer as the one to watch in the final week of the window, suggesting this could comfortably become the biggest signing in Premier League history in terms of both fee and what the player brings. That is a bold claim, but given Arsenal’s standing after a title win and a Champions League final appearance, it is not an outlandish one either.

The caveat is important. Nothing has been agreed yet between all parties, and a deal of this magnitude in the closing week of a window is always ddifficult to do. But with the fee settled, the agent onside, PSG withdrawn and Barcelona blocked, the pieces are lining up in a way they simply have not before.

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