Alvarez's agent denies Real Madrid contact amid €150m Atlético transfer speculation

Julián Alvarez’s agent has denied receiving any contact from Real Madrid, pushing back on mounting speculation that the Atlético Madrid forward is the club’s top transfer target ahead of the summer window.

Fernando Hidalgo, who manages the career of the Argentina World Cup winner, was asked directly about reported interest from the Santiago Bernabéu. His response was unambiguous: “We have no information on the matter and no one has contacted us about it.”

The denial comes as reports in Spain link Atlético’s 24-year-old striker to a potential cross-city move worth in the region of €150 million — a figure that Atlético are said to regard as their minimum asking price. The speculation intensified following Florentino Perez’s re-election as Real Madrid president, with talk of a new-era Galáctico signing gaining traction in boardroom circles.

Alvarez, who joined Atlético from Manchester City last summer, has quickly established himself as one of La Liga’s most dangerous forwards. His combination of youth, international pedigree, and proven experience at the highest level makes him an attractive profile for any club looking to anchor their attack for the next decade.

Real Madrid are not the only side monitoring the situation. Barcelona have also been credited with a sustained interest in Alvarez, viewing him as a long-term successor to their current attacking options. The possibility of a Clásico bidding war has added another layer of complexity to what is already one of the most closely watched transfer sagas of the coming window.

For Diego Simeone and Atlético, the noise arrives at a sensitive moment as the club attempts to build a squad capable of challenging for major honours. Losing Alvarez to either of their two biggest rivals would represent a significant setback to those ambitions, and the club’s reported €150 million valuation reflects their determination not to sell cheaply — if at all.

Hidalgo’s comments stop short of a categorical ruling-out of any future move. While no formal negotiations are underway, the agent’s carefully worded denial leaves the situation open as the summer transfer window draws closer.