Manchester City and Athletico Madrid have reached a deal for the transfer of Argentine forward Julian Alvarez to the Madric club for a fee in the region of £82m (€95m).
Negotiations between the clubs have been going well over the past day. Atletico will initially pay £64m, with the rest of the amount coming in the form of add-ons. This sale will set a new record for City.
This deal represents a significant profit compared to the £14m the Premier League champions paid River Plate for the Argentine forward in January 2022.
Personal terms still have to be agreed, although this is not expected to be a problem.
Since arriving at the Etihad Stadium two and a half years ago, Alvarez has made 103 appearances for City, scoring 36 goals.
