Arsenal ready to raid Man City for Julian Alvarez after Argentine's 'fallout with Pep Guardiola' - but mammoth PSG bid could blow all transfer rivals out the water

ESPN reported on Friday that Atletico Madrid are being considered the favourites to sign Argentina international Alvarez as the Spanish side look to replace Alvaro Morata, who left for AC Milan earlier this summer. Now, though, it appears that Arsenal have joined the race to sign the 24-year-old.

Indeed, the Daily Mirror states that the young forward could move to north London from Manchester as the Gunners look to bolster their attack. The report further claims that the reigning Premier League champions are expected to demand a transfer fee in the region of £80 million ($102m), and it remains to be seen if Mikel Arteta is willing to spend that much.

Per TyC Sports’ German Garcia Grova, Paris Saint-Germain have also emerged as one of the candidates who are keen on bringing in the 24-year-old. The French champions are in search of a quality attacking option after the departure of Kylian Mbappe to Real Madrid on a free transfer last month. According to Gaston Edul, PSG's bid is superior to that of Atletico and it seems likely that the attacker will leave City this summer.

The World Cup-winning striker recently had a what's being described as a falling out with Guardiola after the City manager said that he would not force an unhappy player to stay at Etihad Stadium. Alvarez had earlier claimed that he remains unsure about his future and would only take a decision after the ongoing Paris Olympics.