Arsenal's pursuit of Julian Alvarez is emerging as a key storyline in the final week of the summer transfer window. Mikel Arteta's side remains hopeful of securing the Argentina forward, despite Atletico Madrid's steadfast demand of €150m (£128.4m) for the 26-year-old.
While a significant amount of work is still required, Arsenal are reportedly encouraged that an agreement can be reached. Alvarez, who previously played for Manchester City and had a strong World Cup performance, is a long-held target for Arteta, who envisions a defined left-sided forward role for him.
Alvarez's preference is reportedly to stay in Spain, but Atletico Madrid are unwilling to sell him to Barcelona. This stance has reportedly given Arsenal encouragement in their bid. The player also has Premier League experience, and a return to England could be an option if a move to Barcelona proves impossible.
Atletico are under no financial pressure and have four years remaining on Alvarez's contract, making them firm on their asking price. Arsenal are expected to attempt to negotiate the price down, with potential part-exchange options like Viktor Gyokeres or Gabriel Martinelli being considered.