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The transfer market is heating up as we approach the final hours of the January window. As of Friday night, January 30, 2026, explosive reports suggest that Julián Álvarez has made his ultimate move. "La Araña" has reportedly informed his representatives that he has set his sights on one destination and one destination only: Arsenal.
Despite interest from Paris Saint-Germain, Chelsea, and Barcelona, the Argentine World Cup winner is said to be "enchanted" by Mikel Arteta’s project, viewing the Emirates as the perfect stage to reclaim his best form.
The "Arsenal Only" Ultimatum: Why Now?
After a difficult second season in Madrid, marked by a frustrating 10-match goalless drought in La Liga, Álvarez is reportedly ready for a Premier League return.
Arteta’s Vision: Sources close to the player suggest he is eager to play in a fluid, high-pressing system that mirrors the Pep Guardiola style he flourished in at Manchester City.
The "Berta" Connection: Arsenal’s Sporting Director Andrea Berta—who actually orchestrated Álvarez’s move to Atletico in 2024—is reportedly the driving force behind the negotiations.
The Swap Proposal: In a stunning twist, Arsenal are rumored to be exploring a "player-plus-cash" deal to lower Atletico’s £80m+ asking price, with names like Gabriel Jesus or Gabriel Martinelli mentioned as potential makeweights.
Gary Lineker (Rest is Football Podcast): "If Arsenal get Julián Álvarez, it's game over for the rest of the league. He’s a winner, he’s versatile, and he has that 'City' DNA that Arteta loves. It would be the signing of the decade for the Gunners."
The Verdict: While a mid-season move is incredibly complex given Atletico’s €500m release clause, the player’s "Arsenal-only" stance has put the Spanish club in a corner. If a deal isn't struck by tomorrow's deadline, expect a massive "early bird" agreement for a summer transfer.