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Arsenal could sign Julian Alvarez in a swap deal

By on November 11, 2026

Arsenal could reportedly sign Atlético Madrid striker Julian Alvarez in a sensational swap deal, as per a recent Spanish report.

Despite selling Gabriel Jesus to Barcelona last summer, the Gunners didn’t purchase a new striker. As a result, Mikel Arteta currently has Kai Havertz and Viktor Gyokeres as No.9 options.

After being impressed by the Swedish international’s goal-scoring prowess for Sporting CP, Arsenal decided to purchase him last year. However, he has struggled to find his feet in the Premier League, although he helped his side win the league last term.

Therefore, Havertz has been featuring regularly in Arteta’s starting line-up this campaign but he has displayed inconsistent performances, scoring just four goals in 15 appearances across all competitions.

So, Arsenal could do with strengthening the frontline and RNE Deportes (via TNT Sports) report that Arteta’s side like Alvarez very much.

The relationship between Atlético Madrid and Alvarez hasn’t been working out. So, Los Rojiblancos could be open to letting the South American to move to the Emirates Stadium in January.

However, the Spanish giants may ask Martin Zubimendi, who has struggled to break into Arteta’s starting line-up this season, in a swap deal.

Alvarez to Arsenal

Alvarez is valued at around £92m by Transfermarkt and still has a contract until 2030. Therefore, Arsenal would have to spend a hefty amount in cash to sign him, even if they decide to include Zubimendi in a part-exchange deal.

Alvarez likes to be deployed in the centre-forward position but is also comfortable in the second striker role. He has even played on the flanks.

After moving to the Estadio Metropolitano from Manchester City, the 26-year-old showcased his productivity. However, he has started the new season slowly following a difficult summer.

Alvarez previously enjoyed great success with Man City, while he has won a World Cup and two Copa America with Argentina. He has proven his worth at the highest level and is currently at the prime stage of his career.

Therefore, Alvarez would be a great coup for Arsenal should they purchase him. However, it is going to be interesting to see whether the North London club eventually make a concrete approach to secure his services in January or next summer.