Transfer news Julian Alvarez: Real Madrid bid of €150 million rejected by Atletico Madrid

Real Madrid has rejected a €150 million ($173.25 million) bid for Atletico Madrid forward Julian Alvarez, the club said on Tuesday.

Real said Atletico rejected the offer based on Argentina’s 500 million euro release clause.

“Real Madrid CF announces that, following today’s meeting of the Board of Directors, it has made an offer of 150 million euros to Club Atletico de Madrid for the “federal” rights of the player Julian Alvarez,” the club said on its official website.

«After studying and evaluating it, Atletico de Madrid thanked the club for the offer, made in the context of the good relations between both clubs, and rejected it, referring to the player’s release clause.»

Atletico issued a sharp rebuttal, mocking their city rivals’ version of events.

“You must have confused politeness with gratitude, but there is no doubt about it: we do not thank you for anything,” Atletico posted on X. “We have not studied or evaluated any offer for Julian.”

The announcement comes a day after Florentino Perez won Real Madrid’s first disputed presidential election in 20 years, securing a new four-year term.

Ahead of Sunday’s vote, Perez had said he would spend 150 million euros on an unnamed player to be announced on Tuesday, a fee that would represent a club record.

Alvarez scored 20 goals in 49 games for Atletico last season as they finished fourth in the table.

Published on June 10, 2026