Atlético Madrid reject £129m bid from Real Madrid for Julián Alvarez

• Real Madrid reveal they have made offer for Argentinian

• Arbeloa departs club, paving way for Mourinho return

Real Madrid have revealed they have had a €150m (£129.4m) bid for Julián Alvarez rejected by city rivals Atlético Madrid. The Argentina striker has scored 49 goals in 106 appearances for Atlético since joining from Manchester City in 2024.

The 26-year-old, whose contract runs until 2030, reportedly wants to leave and has been linked with Arsenal and Barcelona. Florentino Pérez vowed before his reelection as Real’s president to submit a club-record offer for an unnamed “great player”.