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Victor Petkov
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Official: Atletico Madrid announce Alvarez $104 million deal
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Manchester City broke their record for biggest sale, surpassing the $64 million they received from Chelsea for Raheem Sterling in 2022

Atlético Madrid has completed the $104 million signing of Manchester City striker Julián Álvarez on a six-year deal. The Spanish side, managed by Diego Simeone, will pay an initial $82.5 million, with an additional $21.5 potentially payable in add-ons for the Argentine forward.

This transfer marks a record sale for Manchester City, surpassing the $64 million they received from Chelsea for Raheem Sterling in 2022. City had originally signed Álvarez from Argentine club River Plate for $18 million in January 2022.

Reflecting on his time at Manchester City, where he won six major trophies, Álvarez expressed deep gratitude and affection for the club. “Today I say goodbye to this amazing club, with a lot of emotion,” he said. “These have been two very special years. During this time, I have grown and learned a lot—both as a player and as a person.”

Manchester City’s director of football, Txiki Begiristain, praised Álvarez, noting that “the trophies he has won already tell their own story—he is a winner.” Begiristain added, “I look forward to watching him develop further in the remainder of his career.”