PSG targets Julian Alvarez with record-breaking bid

The dust has barely settled on the UEFA Champions League final, yet Paris Saint-Germain (PSG) is already eyeing its next major move. The club’s leadership is preparing to launch a bold campaign to secure the signature of Argentine striker Julian Alvarez, despite the hefty price tag—reportedly exceeding €100 million—that Atlético Madrid is demanding for his release.

Back in the summer of 2024, PSG, under the leadership of Nasser Al-Khelaïfi, had set its sights on Alvarez but fell short of securing his transfer. The player ultimately chose Atlético Madrid over Manchester City, with the Spanish club’s €75 million bid tipping the scales. Now, it appears PSG is ready to revisit the negotiation table, this time with a more ambitious financial approach.

PSG revives pursuit of Alvarez for 2025 transfer window

Luis Campos, PSG’s sporting director, has reignited efforts to bring Alvarez to Parc des Princes, reportedly aiming to bolster the squad for Luis Enrique’s tactical vision. Insiders close to the club reveal that PSG’s hierarchy recently engaged in discussions with Fernando Hidalgo, Alvarez’s agent, to formally express their renewed interest. While the timing initially posed a challenge—coinciding with PSG’s Champions League final preparations—strategic delays were implemented to maintain focus on the high-stakes match.

Atlético Madrid sets price bar at €100M+ for Alvarez

Atlético Madrid, however, is not backing down. Sources within the club indicate that the Argentine’s release clause has been set at a premium, with the Madrid-based side insisting on an offer surpassing €100 million. Alvarez’s recent Champions League triumph—his second consecutive—has only heightened his market value, making him a prime target for Europe’s elite clubs. PSG, fresh off a runner-up finish in the tournament, now faces the critical decision of whether to meet those demands and secure Alvarez’s services this summer.