Atletico Madrid announce the signing of Julian Alvarez from Manchester City for a reported €95m (£81.3m).
Atletico Madrid have announced the signing of forward Julian Alvarez from Manchester City.
The 24-year-old completed his medical on Monday and has put pen to paper on a five-year deal until June 2029.
Alvarez allegedly joins Atletico in a deal worth €95m (£81.3m), including an initial €70m (£59.8m) plus €25m (£21.4m) in add-ons, which represents a club-record sale for Man City, surpassing the £50m they received from Chelsea for Raheem Sterling in 2022.
The Argentina international’s Alvarez’s big-money transfer to Civitas Metropolitano has not been affected by the collapse of Samu Omorodion‘s proposed switch to Chelsea, with contractual complications ultimately ending his chances of securing a move to Stamford Bridge.
Alvarez departs Man City after two hugely successful years at the Etihad Stadium, scoring 36 goals and providing 18 assists in 103 appearances across all competitions.
The versatile forward won two Premier League titles, one Champions League, one FA Cup, one UEFA Super Cup and one FIFA Club World Cup during his time as a Citizens player.
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A statement from the forward on Man City’s official website read: “Today I say goodbye to this amazing club, with a lot of emotion. These have been two very special years. During this time, I have grown and learnt a lot – both as a player and as a person.
“To the directors and the technical staff, thank you for your confidence and support. Your teachings and vision have helped me to develop so much.
“To my teammates, thank you for every moment we have shared, for the effort and dedication in every training session and every match. I have learnt a lot from each and every one of you and I remain with memories and friendships that will last forever.
“To the fans, thank you from the bottom of my heart for the great support and for making me feel at home from the very first day. I will always be extremely proud to have been part of this family.
“Manchester City will always have a special place in my heart. I wish you every success in the future and I will keep on supporting the club wherever I may be.”
More to follow.