River Plate sighs for a loan deal for Julián Álvarez

The Argentine forward is not comfortable at Atletico Madrid, where he has not scored yet, and could request to leave in the winter transfer window

Mario Roldán Martínez | 17 Oct 2026 | 11.30
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<p>Julián Álvarez, during a training session at Club Atlético de Madrid</p>
<p>Julián Álvarez, during a training session at Club Atlético de Madrid</p>

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Real Betis Barcelona
17/10/26 18:30:00
6.50 5.00 1.38

The River Plate transfer market could envision the return of Julián Álvarez, a 26-year-old Argentine forward, through a loan in January 2027, before a hypothetical signing with Barcelona in the summer. The operation would require a radical shift: Atlético de Madrid does not consider facilitating his departure and maintains the player under contract until 2030, with a release clause of 500 million euros.

River Plate needs an unexpected turn to recover Julián Álvarez

The possibility of seeing Álvarez again in a River Plate shirt first depends on the player's own decision. The striker would have to stop considering Atlético as his immediate sports destination and open the door to a temporary exit during the current season.

This scenario is far from the current situation. The Madrid club made a significant investment to sign him from Manchester City in 2024 and agreed to a six-season contract. There is no public indication that they are willing to loan him out mid-season to regain competitive form in Argentina.

For River Plate, the idea would have an obvious advantage: bringing in a player who already knows the club for a few months and who came through its youth ranks before moving to European football. However, this sporting advantage does not solve the main issue of convincing Atlético to accept an operation contrary to their current stance.

The boldest hypothesis would be Álvarez requesting to leave in January and choosing Argentina as a temporary destination. For this scenario to materialize, it would require more than just the player's willingness: it would also need the approval of the rojiblanca management.

Atlético de Madrid has no reason to facilitate the operation

Atlético de Madrid’s position is the major obstacle to any attempts. In August, the club's hierarchy ruled out negotiations with Barcelona for the Argentine and reiterated their intention to keep him in the squad. The contract until 2030 and the 500 million release clause reinforce their ability to control the player's immediate future.

The situation could change if Álvarez indicates he does not wish to continue, but even then, a loan to River Plate would not be automatic. Atlético would need to assess the sporting impact of losing their forward during the second half of the season and decide whether to accept a temporary solution instead of considering a transfer.

A January departure would also require resolving what would happen next. A few months’ loan would only make sense within this framework if the player kept open the possibility of returning to Europe in the summer, without any pre-arranged commitment with any club.

Barcelona looms on the horizon for the summer

Barcelona fits into this scenario as a possible definitive destination, although the relationship between the two entities complicates any negotiation. Atlético has already publicly expressed their refusal to sell Álvarez to the Catalan club, so a change in the situation would necessitate a substantial modification of their stance.

Currently, there is no evidence of an agreement linking a loan to River Plate with a subsequent transfer to Barcelona. This development could only be considered if the player drives his exit and Atlético is willing to negotiate conditions that are not currently on the table.

The upcoming winter market will be the first reference point to gauge any changes in the situation. River Plate may hold onto the hope of regaining Álvarez, but any progress will hinge on the player's decision and, above all, Atlético abandoning their current stance before the summer opens a new window to discuss his future.

This news is an automatic translation. You can read the original news, River Plate suspira por una cesión de Julián Álvarez