Premier League legend Alan Shearer recently participated in an interview where he assessed Arsenal's chances of winning the Champions League this season. He stated candidly that the failure to sign striker Luis Díaz during the summer transfer window represents Arsenal's biggest regret, as this missed opportunity left unresolved the team's key weakness in European competitions.

Last season, Arsenal reached the Champions League final but narrowly lost to Paris Saint-Germain on penalties at the Puskás Arena in Budapest, missing out on the trophy. The team will begin their Champions League campaign on Wednesday (CEST) with an away match against Napoli. Although Arsenal are considered favourites to win the Champions League this season, Shearer remains concerned about the team's attacking capabilities. Shearer clarified that Arsenal's failure to sign a left-winger during the summer will not affect their Premier League title challenge, as the team's transfer activity has been sufficiently strong overall. However, the club had initially planned to reinforce their attack with a top striker but ultimately failed to do so. In his view, while new signing Vinícius Júnior is strong and helped the team win the Premier League last season, he is not a world-class superstar and is insufficient to consistently challenge for the Champions League trophy at the highest level.

Shearer stated openly that Álvarez would have been the perfect reinforcement for Arsenal. Had Arsenal successfully signed the Argentine striker this summer, they would not only solidify their dominance in the Premier League but significantly boost their chances of winning the Champions League, giving them genuine trophy-winning credentials. "If we had signed Álvarez, we could not only defend the Premier League but have the best chance of winning the Champions League too, and that's for certain," he said. However, Shearer also noted that Arsenal's current squad is in good shape and there is no need to be overly pessimistic.

Media reports simultaneously revealed behind-the-scenes details of Arsenal's attempts to sign Álvarez this summer. Manager Mikel Arteta and sporting director Edu have long admired the Atlético Madrid striker, and they actively pushed transfer negotiations during the summer window. The player himself indicated his willingness to leave Atlético Madrid, and Arsenal closely monitored his transfer situation. However, this major move ultimately fell through for two key reasons: first, Álvarez himself preferred Barcelona over the Premier League and had no intention of joining Arsenal. Second, Atlético Madrid valued the player at an extraordinary €200 million (£171 million), which far exceeded Arsenal's budget, so ultimately this reinforcement proved unsuccessful.

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