Liverpool interest in Argentine attacker clear | OneFootball

Liverpool and Alvarez: How Atletico Madrid Altered Transfer Plans

Speculation surrounding Liverpool’s transfer ambitions rarely settles, even outside the window. One of the more intriguing stories to emerge in recent months involves Julian Alvarez, Atletico Madrid, and a potential move that could have dramatically reshaped Liverpool’s forward line.

Liverpool’s approach for Alvarez in 2024

Back in 2024, Liverpool explored the idea of a direct exchange with Manchester City. The proposal, according to reports, would have sent Luis Díaz to the Etihad Stadium while bringing Alvarez to Anfield. At that stage, Díaz was reportedly open to a move, and Liverpool viewed Alvarez as a player capable of fitting seamlessly into their evolving attacking structure.

Manchester City, however, declined to pursue the deal. Instead, Alvarez was subsequently transferred to Atletico Madrid in a move worth around £82 million. The Argentine forward has since flourished in Spain, producing an impressive first season at the Metropolitano and quickly becoming integral to Diego Simeone’s plans.

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Atletico’s stance and Champions League motivation

The timing of this story gains added relevance following confirmation that Atletico Madrid’s Riyadh Air Metropolitano will host the 2027 Champions League final. It is a venue already familiar to Liverpool supporters, who lifted the European Cup there in 2019 after victory over Tottenham Hotspur.

For Atletico, the opportunity to compete for European silverware at their own ground is significant. Retaining key players such as Alvarez could be seen as essential to that ambition. The club’s determination to hold on to him, particularly in light of his market value and growing influence, is likely to intensify as the tournament approaches.

Liverpool’s current attacking outlook

Liverpool’s recruitment this summer has already reshaped their frontline. The additions of Alexander Isak and Hugo Ekitike provide depth and versatility, reducing the immediate need for another major attacking acquisition. As such, while Alvarez’s name may continue to surface in speculation, the prospect of an imminent pursuit appears remote.

That does not rule out future developments. Alvarez’s career trajectory and Liverpool’s long-term planning could intersect again, especially if the Reds look to refresh their attack in the coming seasons. Yet for now, their focus is on integrating their new signings and building momentum under Arne Slot.

Sliding doors moment in the transfer market

Transfer narratives often hinge on moments of decision, and the Alvarez situation highlights how one refusal can alter multiple paths. Had Manchester City engaged in negotiations back in 2024, Alvarez might already be a Liverpool player, with Díaz potentially shaping Pep Guardiola’s options at the Etihad. Instead, Alvarez thrives at Atletico, Díaz plays for Bayern Munich, and Liverpool recalibrate their forward line in a different way.

For Liverpool, the question is whether this remains a story of what might have been, or if it could yet become an opportunity revisited in seasons to come.