According to Miguel Delaney, chief football correspondent at The Independent, Atlético Madrid hopes to resolve Julián Álvarez's future by Friday, meaning the 26-year-old Argentine forward must make a decision about his next move soon.

The report indicates that if Julián Álvarez is keen on joining Arsenal FC and if the Premier League champions can submit an offer that Atlético Madrid accepts, the Spanish club at least wants enough time to find a replacement.

Julián Álvarez has previously made clear that his top preference is to join Barcelona. However, Arsenal FC has not given up on the deal and they are aware that Atlético Madrid is reluctant to sell Julián Álvarez to a direct La Liga rival. Atlético Madrid reiterated this stance during discussions about the player's future this week.

If Barcelona can genuinely submit an offer around €150 million, the situation could still change. However, both Atlético Madrid and Arsenal FC currently believe Barcelona lacks the financial capacity to meet this price at this stage.

Arsenal FC, meanwhile, has consistently believed that as the transfer window approaches closure, the situation could still develop in their favor.

Arsenal FC also has a potential advantage: they could include a forward player in the deal. Diego Simeone, Atlético Madrid's manager, has been keen to strengthen his attacking options, and both Viktor Gyökeres and Gabriel Jesus are players that Atlético Madrid are interested in.

Therefore, Arsenal FC could potentially offer a "player-plus-cash" deal, which might include Gyökeres or even both forwards, to reduce the cash fee and facilitate the transaction.

Although Julián Álvarez previously preferred to stay in Spain due to lifestyle and family factors, as well as the appeal of a club like Barcelona, reports indicate that his attitude toward joining Arsenal FC has softened.

Arsenal FC has also told Julián Álvarez that they will play him in his best position and build the team's attacking system around him. Last season, Simeone used Julián Álvarez in an unconventional role, which has been one of the key factors Arsenal FC has used in trying to persuade the player.

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