[Manchester City](https://www.telegraph.co.uk/manchester-city-fc/) have agreed the club record £81.5 million sale of Julian Alvarez to Atletico Madrid – and will make an eye-watering profit on the Argentina striker in the process.
Atletico have agreed an initial €75 million (£64.3m) fee with City for Alvarez with a further €20 million (£17.2) in add-ons. If all those triggers are met, City stand to make a whopping £67.5 million profit on Alvarez, whom they signed from River Plate for just £14 million in 2022.
City would have liked to keep hold of Alvarez but the combination of the 24-year-old’s desire to move to become a first-choice starter and Atletico’s willingness to meet their huge demands was enough to convince the Premier League champions to sanction a sale.
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***Telegraph Sport reports:***
[Manchester City](https://www.telegraph.co.uk/manchester-city-fc/) have agreed the club record £81.5 million sale of Julian Alvarez to Atletico Madrid – and will make an eye-watering profit on the Argentina striker in the process.
Atletico have agreed an initial €75 million (£64.3m) fee with City for Alvarez with a further €20 million (£17.2) in add-ons. If all those triggers are met, City stand to make a whopping £67.5 million profit on Alvarez, whom they signed from River Plate for just £14 million in 2022.
City would have liked to keep hold of Alvarez but the combination of the 24-year-old’s desire to move to become a first-choice starter and Atletico’s willingness to meet their huge demands was enough to convince the Premier League champions to sanction a sale.
Brazil winger Savinho, [a £33.6m purchase from sister club Troyes](https://www.telegraph.co.uk/football/2024/07/18/manchester-city-transfer-savio-savinho-troyes-sister-club/), is City’s only signing this summer and it remains to be seen if Alvarez’s departure now forces the club into the market for reinforcements. The Wolves forward Pedro Neto is one of the players to have interested City.
**Read more:** [**https://www.telegraph.co.uk/football/2024/08/06/man-city-transfer-news-atletico-madrid-julian-alvarez-neto/**](https://www.telegraph.co.uk/football/2024/08/06/man-city-transfer-news-atletico-madrid-julian-alvarez-neto/)
Crazy they’re selling him for £20million more than they paid for Haaland!
Lol
Atleti is buying hardest working and most decorated young player out there.