Arsenal Explore Gyokeres Swap In Talks Over Possible Alvarez Deal
Retold by Oddsrama · 15 July 2026
Arsenal are making moves in the transfer market, with fresh reports indicating they're eyeing Julian Alvarez from Atletico Madrid this summer. The Argentine forward has already signalled his desire to leave the Spanish club, though Barcelona remain his first choice. Atletico have dug in their heels so far—they've knocked back Barcelona's £86million offer and aren't keen on selling to a direct league rival, while Real Madrid's £129million bid earlier this window was dismissed as half-hearted.
In a creative twist, Arsenal reportedly dangled Viktor Gyokeres as a potential sweetener during preliminary talks with Atletico. The Swedish striker's name carries weight in the conversation, though it remains unclear whether the Gunners would actually be willing to part with him. Club-to-club discussions around Alvarez are still at an exploratory stage, and nothing concrete has emerged yet. Atletico may harbour some interest in Gyokeres, but Arsenal haven't committed to a sale either way.
The Gunners aren't putting all their eggs in one basket. Morgan Rogers at Aston Villa continues to be tracked as a separate target, so an Alvarez deal wouldn't necessarily rule out other attacking reinforcements. On another front, Arsenal are also progressing discussions with Club Brugge regarding Greek winger Christos Tzolis. This flurry of activity comes after Leandro Trossard's departure to Besiktas for £17million was confirmed, freeing up resources for new signings.
For betting purposes, Arsenal's multifaceted approach to the window suggests they're serious about strengthening their squad depth. If Alvarez does arrive—and that's still a significant if given Atletico's resistance—it could add another quality attacking option to consider in their odds going forward. Keep an eye on how these exploratory talks develop; transfer windows at the top end of the market can shift quickly.
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