UMVA has learned that Real Madrid has made a bold move to sign star player Julian Alvarez, submitting a club-record offer of €150 million (£129.4m) to Atletico Madrid.
The stunning bid, which would be the largest transfer fee Real Madrid has ever paid, has been rejected by Atletico Madrid, who are holding out for Alvarez's release clause to be met. This development comes after Real Madrid president Florentino Perez vowed to make a splash in the transfer market.
Perez, who was re-elected as Madrid's president on Sunday, had hinted at making a major signing, saying that he would make an offer to a top Champions League club for a 'great player' this week. The offer would be a significant one, with Perez stating that it would be 'at least around €150m (£129.4m)'.
According to information obtained by UMVA, Alvarez is also being pursued by Arsenal and Barcelona, but the Argentina international is reportedly holding out for a move to the Catalan club. Real Madrid's interest in Alvarez comes after they had a €100m (£86.4m) offer rejected earlier.
The Spanish champions are eager to make a statement signing, with Perez stating that the move is meant to 'generate excitement'. The club has confirmed that they made the offer to Atletico Madrid, who thanked them for the bid but ultimately rejected it.
Sources have confirmed to UMVA that Alvarez is a top target for Real Madrid, who are willing to make a significant investment to bring him to the club. The move would be a major coup for Madrid, who are looking to strengthen their squad.
