Chelsea are reportedly drawing up plans for a major £132 million move to sign Atlético Madrid forward Julián Álvarez next summer, signalling the club’s intent to overhaul its attacking options. The Argentine international, currently one of Europe’s most in-form attackers, has attracted widespread interest, with sources indicating he is open to joining Chelsea despite competition from Barcelona and Paris Saint-Germain.
Álvarez has experienced a major career revival since leaving Manchester City for Atlético Madrid. Working under Diego Simeone, he has surpassed expectations, scoring close to 30 goals in his debut campaign and maintaining that level this season. With nine goals in his last 15 appearances, he has become a central figure in Simeone’s reshaped frontline, earning praise for his relentless energy, clinical finishing, and versatility across the attack.
Transfer specialist Graeme Bailey has added momentum to the rumours, noting that Álvarez, who earns about £211,000 per week at Atlético, is a key name to watch ahead of the summer transfer period. According to Bailey, although PSG and Barcelona have both made firm approaches, Álvarez remains intrigued by Chelsea’s long-term sporting project and financial commitment.
Chelsea, still searching for a consistent and dependable goal scorer after several seasons of mixed results in front of goal, view Álvarez as a transformative signing. Club insiders claim preparations are underway for a substantial £132 million offer, a sum they believe could tempt Atlético into negotiations — particularly if the player expresses interest in returning to the Premier League.
Atlético Madrid maintain they intend to keep Álvarez, but with major European clubs competing for his signature and Chelsea ready to move assertively, this developing transfer pursuit is likely to become one of the dominant stories of the upcoming summer window. For now, Álvarez continues to impress in Spain, but his future is shaping up to be one of the most compelling transfer sagas of the year.
