June 3, 2026
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With the Champions League final now in the rearview mirror, Paris Saint-Germain’s leadership is gearing up to intensify their pursuit of Argentine striker Julian Alvarez. Sources close to the club reveal that the Parisian side is preparing to table a substantial bid to lure the player away from Atlético Madrid, a move that could demand a price tag exceeding €100 million.

Efforts to sign Alvarez last summer proved futile when the 26-year-old opted to join Atlético Madrid instead. The Spanish club outmaneuvered Manchester City with an offer nearing €75 million, securing the player’s services. Now, Paris Saint-Germain is taking a second shot at landing the highly coveted forward.

The club’s sporting director, Luis Campos, has reignited the pursuit of Alvarez, aiming to finalize a deal that would bolster the squad ahead of the upcoming season. Insiders indicate that Fernando Hidalgo, Alvarez’s agent, has been approached by PSG representatives to explore the possibility of a transfer. However, negotiations were temporarily paused to prioritize the team’s Champions League final preparations, ensuring no distractions disrupted the squad’s focus.

Atlético Madrid sets sky-high price for Alvarez

Atlético Madrid is holding firm on their valuation, refusing to entertain any bid below €100 million for Alvarez. The club’s patience suggests they are waiting for a jaw-dropping offer that matches the player’s stature—especially after his back-to-back Champions League triumphs. With the transfer window approaching, PSG is expected to table an official proposal, but whether Alvarez will accept the move remains uncertain.