Real Madrid: Atlético turn down €150 million bid for Julián Álvarez

Europe Today at 13:27

Nouya M'toama

News Editor

The Julián Álvarez saga has hit its first stumbling block. Real Madrid have announced that their initial bid to secure the Argentine striker has failed, with Atlético de Madrid flatly rejecting their approach.

Real Madrid officially confirmed they had submitted a €150 million offer to Atlético de Madrid for Julián Álvarez. The club’s board of directors, meeting this Tuesday, approved what is being described as one of the biggest proposals in their recent history.

But Atlético de Madrid did not respond favorably. In their reply, the Madrid club thanked their rivals for the approach but turned down the offer, insisting it did not reflect the player’s true value and reminding Real of his release clause. Several Spanish media outlets have reported in recent days that the clause is set at €500 million.

This move confirms Real Madrid’s growing interest in the Argentine forward, whose impressive displays in Atlético colors have not gone unnoticed. Rumors of a possible transfer have been circulating for several days, but the Madrid giants have now taken things up a notch by publicly acknowledging they have made an official bid.