Report claims Arsenal agrees to swap Gyokeres for Alvarez

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·22 July 2026

Report claims Arsenal agrees to swap Gyokeres for Alvarez

Arsenal are keen to sign Julian Alvarez this summer and have reportedly agreed a swap deal that would see Viktor Gyokeres move in the opposite direction, according to Fichajes.

The Gunners have monitored Alvarez for a long time and are aware of Atletico Madrid’s position after seeing the Spanish club reject approaches from Barcelona and Real Madrid during this transfer window.

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Alvarez wants to leave Atletico Madrid for Barcelona, but the attacker may have limited influence over where he moves if the Spanish side decides to sell him to another club. Arsenal are now hoping to take advantage of the situation and bring him to the Emirates Stadium.

Arsenal Prepare Alvarez Proposal

Atletico Madrid do not want to lose one of their most important players, but an offer involving cash plus Gyokeres could be attractive enough for them to consider.

The Gunners believe the proposed agreement could benefit all parties, with Arsenal adding a proven attacker while Atletico receive a replacement and financial compensation for allowing Alvarez to leave.

Arsenal are now waiting to discover Atletico Madrid’s response as they look to understand whether the Spanish club would be willing to negotiate over the proposed transfer.

Alvarez Decision Remains Important

The Argentine forward is still on a break after representing his country in the World Cup final and will need to return before any potential move can progress further.

If Atletico Madrid are open to the proposal, Arsenal will still need to convince Alvarez that a move to North London is the right choice for the next stage of his career.

The attacker remains one of the most highly rated forwards in European football, and securing his signature would represent a major statement from Arsenal. However, the deal depends on several factors, including Atletico’s willingness to sell and Alvarez’s own decision regarding his future.

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