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For some football fans, the summer is the part of the calendar that they look forward to the most - and that's not just because it's filled by a World Cup every four years! Rather, it's because the end of the season means only one thing: It's time for transfers! The 2026 window is once again proving to be busy, with some huge names making big-money moves before deadline day on September 1.

Atletico Madrid manager Diego Simeone has admitted that the club could face a late shock in the transfer market regarding the future of star striker Julian Alvarez. The Argentine international, who has been heavily linked with a move to Barcelona and Arsenal, was a high-profile absentee during Atleti's recent La Liga victory.

Atletico Madrid have reportedly issued a final ultimatum to Julian Alvarez, giving him a deadline to decide whether to seal a move to Arsenal or stay at the Metropolitano. The Argentine forward continues to weigh up his options amidst a period of significant uncertainty, having already been informed that a potential transfer to Barcelona is off the table.

Julian Alvarez has categorically rejected a return to Manchester City despite Enzo Maresca's side expressing interest in re-signing the Atletico Madrid striker. The Argentine remains locked in a tense summer transfer saga as he prioritises staying in Spain over moving back to the Premier League.