Atletico Madrid have condemned Barcelona president Joan Laporta's latest video, which stated that the club's reported €100m (£85.7m) offer for Alvarez remained on the table. The Spanish club released a statement saying, "They have harmed us economically and socially. There is 0% chance of selling him to Barca." This move comes after weeks of complicated negotiations and public disagreements between the two clubs.
Sources at Barcelona have stated that they will continue to try and sign Alvarez until the transfer window ends. However, Alvarez himself still wants to stay in Spain, according to sources close to the situation. Arsenal have also shown interest in the striker, who is viewed as their dream transfer target.
For now, Arsenal are waiting to see how the situation unfolds, as they become more realistic about their chances of signing Alvarez before next week's transfer deadline.