Alvarez, 26, has been heavily linked with a move to Barcelona and is widely expected to leave Atletico Madrid this summer.
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Atletico have already rejected Barcelona’s bid of around €100 million for the forward and have now intention of selling him to their La Liga rival.
The Argentina international still has plenty of interest in him, however, with PSG and Arsenal keeping tabs on the situation.
According to AS, Diego Simeone’s side are now making a succession plan and are keen on adding Galatasaray’s Osimhen, 27, to their squad.
It’s understood that Atletico will face some serious competition from Man United for the Nigerian, who is contracted in Turkey until 2029.