According to AS, Como defender Julián Álvarez is currently not considering a return to Real Madrid.

Julián Álvarez has developed from a promising prospect into one of Como's key players. His progress in Serie A has attracted Real Madrid's attention, with the club considering bringing him back next season, especially if they fail to extend Rüdiger's contract and need to find a replacement.

Julián Álvarez's priority is clear: to continue playing and maintain his important role. This stance could complicate Real Madrid's plans, although the club still retains the option to recall the defender.

Real Madrid sold 50% of Julián Álvarez's rights for 2.5 million euros in 2025, but retained a buyback option, allowing the club to sign him back for 9 million euros after this season. From a contractual standpoint, the door for a return remains open. However, whether he will return also depends on the player himself.

Julián Álvarez explained last summer that he was unwilling to return only for a marginal role. According to AS, Real Madrid offered him a position as the fourth-choice center-back at the time, but the defender declined. Álvarez believed that at 21 years old, the most important thing was to accumulate playing time and continue his development path in Italy.

Now, he is in his second season in Italy and has become one of Como's defensive leaders under Cesc Fàbregas. His performances and adaptation to top-level football have attracted attention from several clubs, including Arsenal and Chelsea.

The situation next summer remains open. Real Madrid could re-sign Julián Álvarez for 9 million euros and view the academy product as an option to strengthen their defense, as Rüdiger's future and other factors could cause significant changes in the position. However, Julián Álvarez clearly has no intention of returning merely as a rotation player. He wants to play and be a key figure, and at Como, he has found the environment he was seeking when he left Madrid.

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