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.
🚨🔴⚪️ Manchester City confirmed to Atlético Madrid that their final proposal for Julián Álvarez worth €75m plus €20m add-ons has been accepted.
— Fabrizio Romano (@FabrizioRomano) August 6, 2024
Negotiations ongoing on player side. 🕷️
Man City to authorize Julián for medical in Spain as soon as personal terms are agreed. pic.twitter.com/waBhyYU2no
MORE: How Diego Simeone convinced Conor Gallagher to join Atleti
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.
| Competition | Games Played | Goals | Assists |
|---|---|---|---|
| Premier League | 36 | 11 | 9 |
| UEFA Champions League | 7 | 5 | 2 |
| FA Cup | 6 | 1 | 1 |
| FIFA Club World Cup | 2 | 2 | 1 |
| UEFA Super Cup | 1 | 0 | 0 |
| Community Shield | 1 | 0 | 0 |
| EFL Cup | 1 | 0 | 0 |
| Total 23/24 | 54 | 19 | 13 |
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.