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Atletico Madrid manager Diego Simeone has provided a significant update on the future of Julian Alvarez as transfer speculation continues to swirl around the Argentine forward. The 26-year-old has emerged as a high-profile target for both Arsenal and Barcelona during the closing stages of the summer window.

Arsenal manager Mikel Arteta has taken matters into his own hands by personally calling Julian Alvarez in a last-ditch attempt to lure the striker to north London. The Gunners are desperate to land the Argentine international, despite strong interest from La Liga giants Barcelona and Atletico Madrid's firm stance on a sale.

Atletico Madrid and Villarreal are set to receive a significant financial windfall following Rodri's imminent transfer to Barcelona. The Spanish rivals will benefit directly from FIFA's solidarity mechanism after the Catalan giants agreed a massive summer deal with Manchester City for the midfielder.

Atletico Madrid have completed the signing of Argentina international Cristian Romero from Tottenham Hotspur in a deal worth a reported €40 million (£34m). The centre-back has signed a five-year contract in the Spanish capital and immediately outlined his desire to win major trophies.