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Julian Alvarez transfer: Atletico Madrid agree £82m fee to sign Man City and Argentina forward

Manchester City are set to sell striker Julian Alvarez to Atletico Madrid for £82m; the two clubs have agreed a fee, representing a huge profit on the £14m City spent on Alvarez in January 2022; the deal could impact Chelsea's deal for Atletico striker Samu Omorodion

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Sky Sports reporter Ben Ransom is at the Etihad Stadium to explain the deal agreed between Atletico Madrid and Manchester City for striker Julian Alvarez

Man City and Atletico Madrid have agreed a deal for Julian Alvarez worth up to £82m (€95m).

Talks have been progressing well between the clubs over the last 24 hours. Atletico will pay £64m (€75m) up front with the remainder of the fee coming in add-ons, and it will be a record sale for City.

It represents a huge profit on the £14m the Premier League champions paid River Plate for the Argentina forward in January 2022.

Personal terms have been agreed between Alvarez and Atletico.

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Watch some of the best goals Alvarez has scored for Manchester City in the Premier League

Alvarez has made 103 appearances for City since arriving at the Etihad Stadium two and a half years ago, scoring 36 goals.

The Argentina international won two Premier League titles, as well as the FA Cup, Champions League, Super Cup and Club World Cup titles all in 2023.

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During his time at City, he also won the 2022 World Cup with Argentina, as well as the Copa America earlier this year.

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Will Atletico sell Omorodion to Chelsea now?

Samu Omorodion of Deportivo Alaves
Image: Chelsea have agreed a £38m deal for Atletico Madrid striker Samu Omorodion

Alvarez's imminent sale to Atletico could also impact Chelsea's transfer business, both in and out.

Having agreed terms with Alvarez, Atletico and Chelsea have now agreed £38m deals for Samu Omorodion and Conor Gallagher to swap clubs.

The deals are not finalised yet, but sources involved have told Sky Sports News they are getting very close.

Omorodion, 20, has been a top target for Enzo Maresca's side.

When does the summer transfer window open and close?

The 2024 summer transfer window officially closes on August 30 at 11pm UK time in the Premier League and 11.30pm in Scotland.

The Premier League has brought forward Deadline Day to link up with the other major leagues in Europe. The closing dates were set following discussions with the leagues in England, Germany, Italy, Spain and France.

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