According to the latest report from Mundo Deportivo, amid rumors linking Alvarez with Real Madrid, Atletico Madrid's stance remains firm: they consider the player non-transferable.
It is reported that while rumors about Alvarez and Barcelona have gradually subsided, new rumors point to Real Madrid's interest in him. Sky Sports claims that Alvarez is a "dark horse" on Real Madrid's transfer list, and Florentino was referring to him a few days ago when he announced a 150 million euro bid for a striker.
However, Atletico Madrid made their position clear a few days ago: "Alvarez is not for sale." Since then, every time the matter is mentioned, they reiterate this position, also mentioning the player's release clause of nearly 500 million euros.
Furthermore, even if they were to sell him, if a move to Barcelona is not an option, then a move to Real Madrid is even less likely. In addition, the player's agent, Fernando Hidalgo, also denied in an interview that Real Madrid had contacted him to inquire about the striker.