Manchester City are set to pocket a huge profit from the sale of Julian Alvarez, which will be a huge boost for Chelsea in their pursuit of Samu Omorodion

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Atletico Madrid are in advanced talks to sign Julián Álvarez from Manchester City, talkSPORT understands.

The transfer fee is likely to be in excess of £70m, five times what the Citizens paid for the 24-year-old in 2022.

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Atletico Madrid are close to closing a deal with Julián ÁlvarezCredit: Getty

Alvarez joined the Premier League champions for a fee of £14million two years ago from River Plate.

The Argentine star is understood to be interested in a move to Spain but personal terms have yet to be agreed, although that is not expected to be an issue.

Arsenal had He has already expressed interest in attack, but now Atlético is calling the shots.

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If a move goes through, Alvarez would likely join Conor Gallagher, who is closing in on £33m move from Chelsea.

It also offers good news for the Blues, with Atletico keen to soften their stance on Samu Omorodion as they look to sign the striker for a fee of around £34m.

Since joining City, Alvarez has scored 36 goals in 103 appearances and provided 18 assists along the way.

The world champion also won the Premier League, FA Cup, Champions League and Club World Cup during his time in England.

He revealed that he would consider his future after the Paris Olympicsand a decision is expected to be made soon. ArgentinaFrance's elimination in the quarter-finals.

Alvarezwho was part of his country's team that won the Copa America this summer, said: “I haven't stopped to think about what I'm going to do.

“Last season I was one of the players who played the most minutes in the team.

Julian Alvarez has an impressive trophy haul after two and a half years at City

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Julian Alvarez has an impressive trophy haul after two and a half years at CityCredit: Getty
His signing could pave the way for Chelsea to sign Samu Omorodion

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His signing could pave the way for Chelsea to sign Samu OmorodionCredit: Getty

“But it's true: in the end, in some important matches, it's not nice to be left out. I'll have time to think about my decision.”

“I haven't stopped to think things over calmly. Once the Olympics are over, I will take the time to reflect on what I want for myself.

“It may be annoying to be left out in important games; players always want to help out on the pitch.”

Pep Guardiola bangs the bench in frustration during Manchester City's pre-season friendly with Barcelona

Chief of the city Pep Guardiola responded publicly to the 24-year-old's comments, where he stated that he wants a quick resolution on whether he intends to leave.

Speaking during the club's pre-season tour of America, the Spaniard said: “I read that he has to think about it, so okay, think about it and then he will inform us what he wants to do.

“Julian has played a lot. Does he want more? That's fine. That's why he wants to think about it. And when he thinks about it, he'll let us know.”

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