Álex Baena, a 25-year-old midfielder, is back in the latest news from Atlético de Madrid and once again on Arsenal's agenda for the January market. The English club had been tracking the Spanish international back in 2024 and is now considering reactivating the deal, though prying him away from Madrid mid-season could require an investment approaching or even exceeding 80 million euros.
ÁLEX BAENA. ❤️ LALIGAHighlights | @Atleti https://t.co/3wfU2NdFgJ
— LALIGA (@LaLiga) October 17, 2026
Arsenal Rekindles Interest in Álex Baena
English interest in Álex Baena is not new. Arsenal had considered signing him while he was still with Villarreal, before Atlético secured his transfer in the summer of 2025. Now, as reported by Football Transfers, the Spanish player's name has resurfaced as one of the options Arsenal is exploring to strengthen their attack.
Baena is contracted with Atlético de Madrid until June 30, 2030, limiting the bargaining power for any potential buyer. Moreover, his arrival at the Metropolitano from Villarreal involved an operation valued then at around 45 million euros plus five in variables.
His performance at the start of the current season further complicates a potential exit. With 5 goals and 3 assists in 11 matches across LaLiga and the Champions League, Baena has become increasingly pivotal in Diego Simeone's plans. Atlético is demanding 80 million euros for Álex Baena.
The Spaniard can operate from the left, central midfield, and other offensive positions. His versatility in multiple roles is one of the reasons why he is once again under scrutiny in the Premier League.
🚨 EXCLUSIVE 🚨 Arsenal are targeting a January move for Atletico Madrid's Alex Baena By @stevek9KS1TV https://t.co/5vCGY9COro
— Football Transfers (@Transfersdotcom) October 22, 2026
Atlético de Madrid Could Raise Álex Baena's Price
The estimated value of Álex Baena currently stands around 42.6 million euros, but that figure may not align with what Atlético would accept. His contract running until 2030, his current form, and the challenge of replacing a significant player in January could significantly raise the operation's cost.
In England, figures close to 80 million euros have been mentioned for Baena regarding interests from other Premier League clubs. Currently, there is no official confirmation from Atlético de Madrid to Arsenal regarding that amount, nor is there a formal offer on the table.
Sporting circumstances also play a role. Baena has initiated the season with five goals across LaLiga and Europe, expanding his offensive influence within the team. A January sale would require Atlético to swiftly find a replacement mid-season.

Atlético Will Not Let Him Go Easy or Cheap
His previous transfer sets a benchmark for potential appreciation. Atlético had invested around 45 million fixed in bringing him from Villarreal in 2025, meaning an operation in the vicinity of 80 million would nearly double that initial investment.
The next move lies with the English club. If Arsenal converts their interest into a concrete offer in January, they will have to negotiate for an Álex Baena tied to Atlético until 2030, whose current performance has heightened his sporting importance and bargaining position in the market.
This news is an automatic translation. You can read the original news, La Premier llama a la puerta de Álex Baena