Arsenal’s search for a left winger has dominated much of their summer transfer business, with the club exploring multiple avenues to strengthen the position.
Morgan Rogers was close to joining Arsenal from Aston Villa before Chelsea hijacked the deal, forcing the Gunners to turn their attention toward alternative targets.
Julian Alvarez has emerged as one of the most prominent names linked with a move to the Emirates Stadium in recent weeks.
The Argentine confirmed his desire to leave Atletico Madrid during the World Cup, giving Arsenal encouragement that a deal could be possible this summer.
Journalist Graeme Bailey has reported that Atletico Madrid are now prepared to sell Alvarez to an overseas club despite publicly insisting the player would remain at the club.
Arsenal and Paris Saint-Germain are both thought to be in contention for the forward’s signature as interest from abroad intensifies.
Barcelona have already declared their interest in Alvarez, but Atletico are reluctant to strengthen a domestic rival, particularly after accusing the Blaugrana of illegally approaching the player before formal club-to-club discussions.
With Alvarez contracted to Atletico Madrid until 2030, the Spanish club hold significant leverage and may only sanction a transfer to a non-Spanish side.
Arsenal believe they hold an advantage over Paris Saint-Germain because they can offer Alvarez regular first-team minutes, something Luis Enrique may struggle to guarantee given his preference for Desire Doue, Khvicha Kvaratskhelia and Ousmane Dembele.
Bradley Barcola is reportedly looking to leave Parc des Princes for similar reasons, with consistent playing time far from guaranteed in PSG’s already stacked attacking unit.
Alvarez may also be tempted by a return to English football, having often found himself in a secondary role during his time at Manchester City.
Though naturally a striker, Alvarez is capable of operating on the left wing, bringing strong shooting, intelligent positioning and an ability to contribute from set-pieces to Arsenal’s attack.
Transfermarkt currently values the Argentine at £103 million, though the final transfer fee remains uncertain as negotiations develop between the clubs involved.