Barcelona's plan to sign Julián involves a swap

The blue and scarlet team keeps an eye on the Argentine forward

Mario Roldán Martínez | 29 Sep 2026 | 16.00
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Julián Álvarez, Atlético de Madrid player / Getty Images
Julián Álvarez, Atlético de Madrid player / Getty Images

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Julián Álvarez, a 26-year-old Argentine forward, could re-enter Barcelona's transfer market plans through a player exchange plus cash with Atlético Madrid. The operation is not currently being negotiated: Deco publicly closed the case on September 24 after Atlético rejected the player's departure.

Julian Álvarez forces Barcelona to find another solution

Barcelona already made a bid for Julián Álvarez over the summer. Deco confirmed on September 10 that the club had made an offer of 100 million euros, but Atlético did not respond positively and maintained its stance of not selling.

The contractual situation partly explains the issue. Álvarez is tied to Atlético until June 2030, after the club signed him from Manchester City in 2024 with a six-season contract.

Furthermore, Atlético has officially stated that they will not negotiate his transfer to Barcelona. The board backed this decision and noted that there is no ongoing or future negotiation between the two clubs for the forward.

In this scenario, a player exchange emerges as a potential way to alter the conditions of a future proposal. The formula would involve including a Barcelona player plus a cash sum to offer Atlético a player they can use to strengthen their squad.

Julian Alvarez is with the Argentina national team / AFP

Barcelona might include De Jong, Balde, or Dani Olmo

Names that could fit this scenario include Frenkie de Jong, Alejandro Balde, and Dani Olmo. None of the three are currently confirmed as part of negotiations for Álvarez, so these are market scenarios and not offers presented to Atlético.

Including a player also serves an economic purpose. Barcelona would avoid relying solely on a direct payment, and Atlético would receive a player who could address squad needs during the same transfer window.

Previous dealings between the clubs have set a precedent for such operations. Barcelona and Atlético have previously closed agreements that involved both players and cash, although each deal had unique conditions, and there is currently no similar agreement in place involving Álvarez.

Atlético maintains control over Julián Álvarez

Atlético's position remains the primary obstacle. The club turned down a Barcelona bid of 100 million euros, and based on their public stance, they are not open to negotiating with Barcelona.

Álvarez is under contract until 2030. LaLiga lists him as an Atlético forward, and in the 2026/27 season, he has played 3 matches totaling 83 minutes in the domestic league without scoring or assisting.

The situation has also shifted at Barcelona. Hansi Flick found an internal solution by deploying Raphinha as the central forward, and the club brought in Gabriel Jesus for offensive rotation.

Therefore, Julián Álvarez's next move will hinge on whether Barcelona revisits the case in a future transfer window and adjusts its strategy. If they do, a player exchange involving De Jong, Balde, or Olmo plus cash would be worth considering, but as of now, there is no confirmed negotiation with Atlético.

This news is an automatic translation. You can read the original news, El plan del Barcelona para fichar a Julián pasa por un trueque