June 6, 2026

The African Tribune

Bold, independent reporting on Africa's most important stories, in English, every day.

PSG targets Julian Alvarez with blockbuster bid after Champions League final

With the Champions League final now behind them, Paris Saint-Germain is set to make a bold move for Argentine striker Julian Alvarez. Sources close to the club confirm that the capital’s side is preparing to submit a bid to lure the 26-year-old away from Atlético Madrid, with the Spanish side reportedly demanding over €100 million to seal the deal.

Julian Alvarez in action

PSG’s pursuit of Alvarez reignited after two-year wait

Two years ago, Paris Saint-Germain made an attempt to sign Julian Alvarez during the summer transfer window, but the striker opted to join Atlético Madrid instead. The Colchoneros outbid Manchester City, securing Alvarez with an offer close to €75 million. Now, the French club is determined to revisit the deal, with sporting director Luis Campos reportedly reopening negotiations to strengthen Luis Enrique’s attacking options ahead of the new season.

Recent reports indicate that PSG’s sporting leadership recently met with Julian Alvarez’s agent, Fernando Hidalgo, to express their renewed interest. However, the timing was adjusted to avoid internal distractions during the Champions League final, ensuring the team’s focus remained undivided during the pivotal match.

Atlético Madrid sets steep price for Alvarez’s transfer

Atlético Madrid is holding firm on its valuation, insisting that any bid for Julian Alvarez must exceed €100 million to be considered. The Argentine’s recent Champions League success—his second consecutive title—has only heightened his market value, making him one of Europe’s most sought-after forwards. With PSG now poised to make an official offer, the question remains whether Alvarez will seize the opportunity to join the Parisian club this summer.