Man City and Atletico Madrid have agreed a deal for Julian Alvarez worth up to £81m (€95m).

Talks have been progressing well between the clubs over the last 24 hours. Atletico will pay £64m up front (€75m) with a further £17m of potential add-ons (€20m), which will be a record sale for City.

It represents a huge profit on the £14m the Premier League champions paid River Plate for the Argentina forward in January 2022.

Personal terms still have to be agreed, although this is not expected to be a problem.

More to follow…

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The 2024 summer transfer window officially closes on August 30 at 11pm UK time in the Premier League and 11.30pm in Scotland.

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