The 26-year-old’s future is a hot topic in the Spanish capital with the likes of Chelsea and Arsenal keen on a move.
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According to Spanish outlet Sport, there has been movement over a potential return to England in the summer as the Premier League duo are ready to ‘break the bank.’
While Alvarez would be open to a move to either club, it’s understood that a switch to Barcelona is the striker’s priority.
Atletico Madrid have no intention of letting Alvarez go on the cheap, however, with a fee over €100 million expected to be required.