According to ESPN sources, Arsenal FC is preparing a final push to sign Julián Álvarez in the final week of the transfer window if the player or Atlético Madrid sends positive signals that a deal is possible.

Julián Álvarez is the primary target in attack for the Gunners. ESPN first reported on January 23 that Arsenal FC was considering a move for him in the summer.

Sources indicate that preliminary work on the transfer has continued since then, largely driven by sporting director Andriy Shevchenko, who held the same position at Atlético Madrid last year and played a role in facilitating Julián Álvarez's transfer from Manchester City in 2024. This connection could allow Arsenal FC to move quickly if a deal becomes possible.

Spanish sources indicate that Julián Álvarez prefers to join Barcelona over returning to the Premier League, but Atlético Madrid is strongly opposed to selling the 26-year-old player to a rival in the same league.

Arsenal FC has positioned itself as an alternative option, with Arteta hoping to strengthen his attack with just one week remaining in the transfer window.

Sources indicate the club is willing to break its transfer fee record of £105 million paid to West Ham for Rice in 2023. If Atlético Madrid relaxes its stance, Arsenal could be asked to pay up to €150 million.

However, Julián Álvarez's desire to join Barcelona combined with Atlético Madrid's refusal to sell has created a deadlock. This became evident in an awkward incident at the Metropolitano stadium last Sunday when Atlético Madrid drew 2-2 with Villarreal. Julián Álvarez was booed loudly before the match and again when he came on as a substitute in the 66th minute.

After the final whistle, the Argentine international did not greet fans or teammates but instead walked straight off the pitch, which coach Simeone addressed after the match.

Simeone said: "Someone at the club told me the club decided not to let him go near the supporters and fans."

"The club's decision was to keep him away and separate him from his teammates so he would go straight to the dressing room."

In the coming days, it remains to be seen whether fan reactions will pressure all parties to change their positions.

Martinelli May Leave

Meanwhile, Arsenal FC will continue to handle other matters, including the possibility of Martinelli leaving. Sources told ESPN that the Brazilian winger is seen as surplus to requirements and was left out of the squad for Arsenal's Premier League win against Coventry City on Friday.

Martinelli has already rejected an offer from Galatasaray, but Al-Hilal is now keen to inquire about his interest in joining the Saudi Pro League. The 25-year-old has one year remaining on his contract.

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