Atletico Madrid agree €95 million fee for Man City's Julian Alvarez in record sale for Premier League club

Manchester City and Atletico Madrid have agreed a deal worth €95 million ($103.7m) for the transfer of Julian Alvarez.

Alvarez, who joined City in 2022 from River Plate for £14 million (€16.3m / $17.8m), served as a valuable backup to Erling Haaland as Pep Guardiola's team secured the Treble .

In the 2023/24 season, his role was pivotal to their success as he stepped up when Haaland and Kevin De Bruyne were injured , finishing the season with more playing time than almost anyone else on the team.

Having also won the World Cup and Copa America with Argentina during this period, the 24-year-old boasts an impressive résumé as he heads to LaLiga.

As he reportedly wanted to play more as a central striker, a role less available at City with Haaland is fit, Alvarez attracted interest from Atletico Madrid, who have now agreed to sign him.

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Julian Alvarez transfer fee to Atletico Madrid

Atleti have had a bid worth €95 million ($103.7m) accepted by Man City, to sign Alvarez. The deal is reportedly €75 million ($81.9m) plus €20 million ($21.8m) in add-ons.

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Julian Alvarez stats 2023/24

Alvarez made 54 appearances across all competitions for City last season, recording 19 goals and 13 assists.

He played a vital role in helping Pep Guardiola's side win the Premier League, Champions League, and FA Cup in the 2022/23 season, making City only the second English team to achieve the treble.

Julian Alvarez contract, wages/salary

Alvarez is yet to agree personal terms with the Spanish side, however, his City contract is estimated to be around £100,000 per week.

It is being widely reported that his contract will be a five-year deal with the Madrid side.