Manchester City and Atlético Madrid have agreed to a deal for striker Julián Álvarez, a source told ESPN.
The LaLiga side are set to pay up to €95 million ($104m) for the Argentina striker. Around €75m ($82m) will be due up front with another €20m ($22m) in performance-based add-ons.
It represents City’s record departure and a huge profit on the €17m they paid for Álvarez’s rights when he arrived from River Plate in January 2022.
Sources told ESPN that Álvarez has not yet agreed to personal terms with Atlético, but it is understood to be a formality.
City, according to a source, were reluctant to let the 24-year-old leave after he scored 36 goals in 103 games over two years and helped the club win the treble in 2023 and another Premier League title last season.
However, with Álvarez’s prospects of…
