JAKARTA – Real Madrid has entered the transfer race with Barcelona after announcing that their offer of 150 million euros (around Rp3.1 trillion) for Atletico Madrid striker Julian Alvarez had been rejected.
Real Madrid president Florentino Perez, who was re-elected on Sunday, June 7, 2026, with a term until 2030, announced last weekend that he would make a 150 million euro bid for a player this week.
After a board meeting on Tuesday, June 9, 2026, Los Blancos confirmed that the offer had been made for Alvarez, who is also a target of Barcelona, Arsenal, and Paris Saint-Germain.
Atletico Madrid immediately responded by saying that they would not consider any offers for Alvarez.
“We announce that, after a meeting of the board of directors held, the club has submitted an offer of 150 million euros to Atletico Madrid for the federative rights of Alvarez.”
“After reviewing and evaluating the offer, Atletico Madrid expressed its gratitude for the proposal, which was made within the framework of good relations between the two clubs, and rejected it, referring to the player’s release clause,” Real Madrid said in a statement.
Alvarez, who has a contract until 2030 and a release clause of 500 million euros (around Rp10.3 trillion), is expected to be the subject of one of the biggest transfer sagas this summer.
ESPN previously revealed that Barcelona were targeting the striker as a replacement for Robert Lewandowski after completing a 70 million euro deal for English winger Anthony Gordon in May 2026.
However, Barcelona’s interest in Alvarez – which reportedly led to an offer of 100 million euros (around Rp2 trillion) – was met with anger from Atletico Madrid, who responded with a series of social media posts mocking the Catalan club for its planned leaks, fake news, and constant discomfort.
ESPN also previously reported that Champions League finalists Arsenal and PSG were also interested in the former Manchester City player.
Atletico Madrid’s response to Real Madrid on Tuesday had a similar tone to the one they sent to Barcelona.
“You must have misunderstood with gratitude, but to leave no doubt that we are not grateful to you for anything.”
“We have not studied or considered any offer for Julian. How could we not be in agreement with you (Real Madrid), when you make us laugh more than Barcelona,” Atletico Madrid wrote on social media.
Real Madrid’s bid for Alvarez comes amid an increasingly tense relationship with Barcelona. The president of Los Blancos recently sent documents to UEFA asking to investigate the Blaugrana for payments made to former Vice President of the Spanish Referee Association (CTA), Jose Maria Enriquez Negreira.
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