Real Madrid have reportedly made a €150 million (about £129–£130 million) bid for Atletico Madrid forward Julián Álvarez, and Atletico have rejected the offer, according to multiple outlets. Real Madrid confirm they have submitted the bid and say they have received a response from Atletico. The Spanish club turns down the move, with several reports attributing the rejection to Álvarez’s contract terms—particularly his substantial release clause, described in one report as €500 million.
The reporting also places the transfer interest in a wider market context. The Athletic says Barcelona has been preparing a formal offer of around €100 million for Álvarez, indicating multiple clubs are monitoring his situation. Other outlets note that the bid comes as competition for the player intensifies ahead of the new season.
Overall, sources agree on the same core points: Real Madrid table the offer at €150 million, Atletico reject it, and the decision is linked to the player’s release-clause value, while other top clubs are also linked with Álvarez.
