Real Madrid's £130 Million Bid for Julian Alvarez Rejected by Atletico Madrid in La Liga 2026

Atletico Madrid swiftly dismissed Real Madrid's £130 million bid for striker Julian Alvarez within days of the offer.

Madrid makes formal approach Real Madrid submitted an official bid of 150 million euros (£130 million) for Julian Alvarez to Atletico Madrid last week. The offer was made by Real president Florentino Perez shortly after securing re-election to his role. Perez had publicly stated his intention to pursue a high-profile signing worth 150 million euros if reelected. The bid was formally tabled following his successful retention of the club presidency. ## Atletico cites release clause Atletico Madrid declined the proposal, pointing to Alvarez’s release clause valued at 500 million euros (£430 million). A club statement acknowledged receipt of the offer and expressed appreciation for the gesture within the context of good relations between the teams. The rejection specifically referenced the player’s contractual release figure. Real Madrid confirmed the rejection in an official announcement after evaluating the response. ## Alvarez’s recent achievements Julian Alvarez scored 20 goals in 49 appearances for Atletico Madrid during the previous season. His contributions helped the team finish in fourth place in La Liga last year. Alvarez also played a key role in Atletico’s run to the Champions League semi-finals. He joined the Spanish club in 2024 for a reported fee of £81.5 million from Manchester City. ## Club statements on the bid Real Madrid stated after their board meeting that a 150 million euro offer was made for Alvarez’s federative rights. The club noted that Atletico Madrid reviewed and assessed the proposal thoroughly. Atletico Madrid’s response thanked Real for the offer but ultimately declined it based on the release clause. The exchange was framed as part of normal operational dialogue between the two clubs.