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Barcelona are reportedly plotting an ambitious summer swoop for Manchester City defender Josko Gvardiol alongside ongoing negotiations for Atletico Madrid forward Julian Alvarez. However, the Catalan giants face fierce European competition from Bundesliga heavyweights Bayern Munich, who have already initiated formal inquiries to lure the versatile Croatian international back to Germany.

Barcelona are targeting Bayer Leverkusen defender Piero Hincapie as Hansi Flick searches for a left-footed centre-back. However, Arsenal remain in pole position after securing a £45 million purchase option in the Ecuador international’s loan agreement.

Despite chronic cash-flow problems, Barcelona can suddenly afford to pay €80 million for Anthony Gordon and possibly €100 million for Julián Álvarez. How? Here's why.

Atletico Madrid have forcefully hit back at mounting speculation linking stellar forward Julian Alvarez with a blockbuster summer move to domestic rivals Barcelona. The hierarchy at the Metropolitano have expressed deep frustration over persistent transfer rumours, firmly shutting down any possibility of a departure by declaring the player strictly not for sale.