Fabrizio Romano Drops Huge Julian Alvarez Update After Major Gunners U-turn

According to a report by Football London on Friday, October 9, 2026, Arsenal are preparing to revive their interest in Atletico Madrid forward Julian Alvarez ahead of the January transfer window. The Argentina international is reportedly considering appointing new representatives after experiencing a frustrating summer in the transfer market.

Transfer expert Fabrizio Romano believes that Alvarez’s potential decision to change agents and restructure the team overseeing his career could signal a reassessment of his professional future.

Arsenal endured difficulties in their pursuit of several major attacking targets during the summer, failing to land Real Madrid’s Vinicius Junior, Morgan Rogers and Alvarez. Nevertheless, the Gunners succeeded in securing a high-profile attacking addition.

The club has also experienced considerable changes in its forward line. Leandro Trossard moved to Besiktas, while Gabriel Martinelli and Gabriel Jesus also left Arsenal. Although Christos Tzolis was brought in to replace Trossard, further additions could be required to provide Arteta with greater attacking depth.

During the summer transfer window, reports indicated that Alvarez was keen on joining Barcelona. Atletico Madrid, however, were unwilling to strengthen their local rivals and insisted on retaining the striker’s services in Spain.

Arsenal have not abandoned their pursuit despite failing to sign him previously. A source cited by TEAMtalk claims that Alvarez is now giving serious consideration to a move to the Emirates Stadium, with the Gunners reportedly ready to reopen negotiations when the January transfer window arrives.

Romano has confirmed that the Atletico Madrid forward is contemplating changes to his professional representation, although he has cautioned against interpreting the development as confirmation that a transfer is imminent.

“Julian Alvarez is ready to make a change in his camp after the summer,” Romano reportedly explained. His comments suggest that the striker wants to reconsider his career direction and review the people responsible for handling his financial affairs.

The journalist emphasised that Alvarez should be allowed to concentrate on his football rather than become the subject of further transfer speculation.

Romano also noted that both Alvarez and Atletico Madrid had experienced a challenging summer, urging everyone to leave the forward alone and allow him to focus on his performances.

Declan Rice Edges Closer to Signing New Arsenal Contract

Elsewhere, Arsenal are reportedly closing in on a new long-term agreement with Declan Rice, following Mikel Arteta’s recent contract extension.

Romano explained that Arsenal’s leadership regarded securing Arteta’s future as particularly important after the club endured a difficult spell of results in March and early April.

Despite the disappointing performances and growing pressure, the club’s owners and directors remained firmly behind the Spanish manager and his coaching staff, eventually reaching an agreement over his future.

Turning to Rice’s situation, Romano revealed that negotiations between the midfielder and Arsenal are progressing smoothly. Only a handful of minor issues reportedly need to be resolved before the England international signs his new contract.

According to Romano, the agreement is virtually complete, with the remaining details expected to be finalised soon.

He added that Arsenal believe Rice’s remuneration should reflect his position among the best midfielders in world football.

The midfielder has reportedly chosen to continue his career at the Emirates Stadium, representing a major boost for the Gunners as they seek to maintain stability, retain their most important players and build a competitive squad for the future.

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