REAL Madrid have had a €150 million bid for Atletico Madrid forward Julian Alvarez rejected.
Real Madrid confirmed making the bid, and said Atletico rejected the offer based on Alvarez’s €500m release clause.
“Real Madrid CF announces that, following today’s Board of Directors meeting, it has made an offer of €150m to Club Atletico de Madrid for the federative rights of the player Julian Alvarez,” the club said on their official website.
“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.”
In response, Atletico put out a cheeky statement, laughing off the bid and insisting that they did thank their more illustrious city rivals.
The audacious bid comes a day after Florentino Perez won Real Madrid’s first contested presidential election in two decades, securing another four-year term.
In the run-up to Sunday’s vote, Perez had said he would spend €150 million euros on an unnamed player to be revealed on Tuesday, a fee that would represent a club record.
Former Manchester City striker Alvarez, 26, scored 20 goals in 49 appearances in all competitions for Atletico last season as they finished fourth in LaLiga and reached the semi-finals of the UEFA Champions League.
