Arsenal are exploring a summer move for Atlético Madrid forward Julián Álvarez, according to ESPN sources. Gunners sporting director Andrea Berta, who negotiated Álvarez's €95m move from Manchester City in 2024, has strong links to the player's camp. Barcelona also hold interest but face financial hurdles.

Álvarez has scored 40 goals in 85 games for Atlético, where he's under contract until 2030 with a €500m release clause. However, sources suggest Atlético would demand over €100m to sell this summer. Arsenal are weighing whether to formalise their interest after informal enquiries.

The Gunners considered Álvarez last summer before signing Viktor Gyökeres, who has nine goals but inconsistent form. With Gabriel Jesus' contract expiring in 2027 and no extension talks yet, Arsenal's forward line remains in flux. Havertz's return from injury provides options as they chase four trophies.