Real Madrid submit €150m bid for Alvarez as Perez’s next Galactico is revealed

Real Madrid have revealed that their €150m bid for Atletico Madrid striker, Julian Alvarez, was rejected on Tuesday.

Alvarez is one of the in-demand players this summer and could leave the Wanda Metropolitano.

Atletico’s city rivals have decided to join the race for the 26-year-old.

The offer comes after Madrid president Florentino Perez promised to make a huge bid for a ‘Galatico’ if he won the vote.

An official Madrid sttatement read: “Real Madrid CF announces that, following today’s Board of Directors meeting, it has made an offer of 150 million euros to Club Atletico de Madrid for the federative rights of the player Julian Álvarez.

“After studying and evaluating it, Atletico de Madrid has thanked the club for the offer, made within the framework of the good relations existing between both clubs, and has rejected it, referring to the player’s release clause.”