Atletico Madrid unveiled on Friday (August 16) Argentine forward Julian Alvarez from Premier League side Manchester City on a six-year contract.
Financial details about the transfer were not disclosed by either club, but British media reported that the deal was worth around 75 million euros ($82 million) plus 20 million euros in potential add-ons.
The 24-year-old Argentina international’s exit marks a record sale price for City, eclipsing the 50 million pounds Chelsea paid for winger Raheem Sterling in 2022.

“I felt that I needed a change in my football career, to look for a new challenge and I feel this is a club that gives me the tools and the room to as I said try and achieve my best version as a footballer,” Alvarez told reporters during presentation.
Alvarez joined City from Argentine club River Plate in 2022 for 14 million pounds and scored 36 goals in 103 appearances for manager Pep Guardiola’s side.
He won the Premier League twice and the Champions League, FA Cup, Super Cup and Club World Cup once each. He also won the 2022 World Cup with Argentina and the Copa America earlier this year.
Atletico manager Diego Simeone had been on the lookout for a centre forward since Alvaro Morata’s move to AC Milan last month.