Real Madrid announced they have had a €150m (£129m) bid for Atletico Madrid forward Julian Alvarez rejected.
Florentino Perez promised that the club would attempt to sign a €150m player if he was re-elected as club president.
Perez was announced as the winner in the early hours of Monday morning, and in a statement released on the club's website, they revealed that the attempt had fallen short.
The statement said: "Real Madrid C. F. announces that, following the meeting of the Board of Directors held today, it has made an offer of 150 million euros to Club Atletico de Madrid for the federative rights of the player Julian Alvarez.
"After reviewing and evaluating the offer, Club Atletico de Madrid has expressed its gratitude for the proposal, made within the framework of the good relations between both clubs, and has rejected it, referring to the player's release clause."
Alvarez is also believed to be a top target for Barcelona, who are looking to add to their attacking ranks following the signing of Anthony Gordon.
Atletico have accused Barcelona of running a smear campaign amid reports of a potential bid for the Argentine.
More to follow…
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yebilmnptz
8
I beleive perez is not after alvarez, all he has ever wish is to witness barca stop progressing. He makes the moves so that barca will find it difficult to sign their main target because he knows very well its unlikely to find a world class striker of his quality available in transfer market this season. He want barca to go bankrupt if they’re to sign alvarez, because he knows it will be very difficult for barca to trigger more than €150m for a player and even if so, he don’t want them to have a space to fixed their defensive issues consequently because they’ve already spend much on a single player plus €70-80m in adds on, on gordon, about €230m or more for just 2 signing how on earth can barca be able to sign another top class defender’s and not even just 1 needed perhaps and not to mention if its true atletico dont accept €150m its obvious they can go for more fees if a player want to make a move. Thats why i always said this old man, his biggest nightmare is barca and will always be. We all know that currently striker is not a madrid problem and even if they’re to sign halaand i dont think 2 will work together perfectly, what they currently lacks is an experience central midfielder or even defenders since they have some free agent out of contract this season and must they needed forward then is better to go for a player like olise so that they can attack from blue and black from every side for an opponent to find it difficult to stop them, so tell me is this really not a good wish for any madrid fans than to sign alvarez. So just ensure that this is not a real transfer plan its an attack