According to Miguel Delaney, chief football writer for The Independent, Atlético Madrid wants to decide Álvarez's future by Friday. This means the 26-year-old Argentine striker needs to make a decision about his destination as soon as possible.

The report states that if Álvarez clearly pushes to join Arsenal and the Premier League club can present an acceptable offer to Atlético, the Spanish club hopes to have enough time to find a replacement.

Álvarez has previously made clear that his ultimate preference is to join Barcelona. However, Arsenal has not given up on the deal, knowing that Atlético is very reluctant to sell Álvarez to La Liga's direct rivals. Atlético reiterated this stance during discussions about the player's future this week.

The situation could still change if Barcelona can actually submit an offer around €150 million. However, both Atlético and Arsenal currently believe Barcelona does not have sufficient budget to approach this figure at this stage.

On the other hand, Arsenal consistently believes circumstances could work in their favor as the transfer window approaches its deadline.

Arsenal also has the potential advantage of including forwards in the deal. Atlético manager Diego Simeone has always wanted to strengthen his attack, and both Víctor Höckler and Gabriel Jesus are players Atlético has shown interest in.

Therefore, Arsenal could propose a "player-plus-cash" deal, including Höckler or even both forwards, to reduce the transfer fee and complete the transaction.

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

Arsenal has also told Álvarez that they will deploy him in his best position and build the team's attacking system around him. Last season, Simeone deployed Álvarez in an unusual role, which is one of the key factors Arsenal is using to persuade the player.

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