Arsenal Still Hopeful of Signing Julian Alvarez Despite Barcelona Interest

Arsenal are reportedly still in the race to sign Julian Alvarez from Atletico Madrid, despite the Argentine striker’s preference for a potential move to Barcelona.

According to a report from Football London on Sunday, August 23, 2026, Arsenal and Atletico Madrid have allegedly reached an agreement over a possible transfer for Alvarez. However, the deal is far from complete because the striker has yet to give his approval.

Spanish reports claim the two clubs reached an agreement last Thursday, after which Arsenal representatives contacted Alvarez. The forward reportedly turned down the opportunity for now, making it clear that Barcelona remains his preferred destination.

Alvarez is believed to be prepared to wait until the transfer deadline before deciding on his next move. Barcelona’s interest has made Arsenal’s pursuit more difficult, but the Gunners have reportedly not abandoned their hopes of bringing the former Manchester City striker to North London.

While some reports suggest Alvarez has completely rejected Arsenal, the situation is reportedly more complicated. Arsenal remain involved in discussions and believe they could convince the player to join if Barcelona fail to complete their own pursuit before the transfer window closes.

The 28-year-old is understood to remain Mikel Arteta’s priority target for strengthening the attack. Arsenal reportedly believe Alvarez would reconsider their offer if Barcelona’s plans collapse.

Arteta himself could also play an important role in the situation. Alvarez is reportedly attracted by the possibility of working under the Spanish manager, giving Arsenal confidence that a deal could still happen despite Barcelona’s interest.

Arsenal have already strengthened their squad with the arrivals of Christos Tzolis, Bruno Guimaraes and Ezri Konsa. However, Arteta and the club’s recruitment team are continuing to explore attacking options as the transfer deadline approaches.

The Gunners are also reportedly expecting Gabriel Martinelli to leave before the window closes, potentially creating additional room in the squad.

With the transfer deadline fast approaching, Arsenal remain focused on strengthening their attack, with Julian Alvarez continuing to be one of their biggest targets. The coming days could determine whether the Argentine striker ends up at the Emirates, Barcelona or remains elsewhere.