Arsenal transfer saga may be nearing its conclusion as two key developments reported

See below for a comparison of Alvarez’s form in all competitions across his two seasons in Madrid, with a pretty shocking record of only eight league goals in the 2025/26 campaign…

Alvarez goals
League
Cup
Europe
TOTAL

2024/25
17
5
7
29

2025/26
8
2
10
20

Arsenal could do with more options up front, but Alvarez doesn’t necessarily look like the kind of upgrade they’re looking for, and certainly not for such an excessive fee.

Barca, meanwhile, do need to find someone to replace the departing Lewandowski, but their financial problems surely make this kind of deal impossible.