FC Barcelona have ruled out the signing of Julián Álvarez for the upcoming transfer windows, dealing a major blow to the Argentine forward, who will now have to decide whether to remain at Atlético Madrid or seek a move elsewhere while hoping that the interest from PSG and Arsenal remains.

Despite the Argentine striker’s willingness to push for an exit from Atlético Madrid due to tensions with a section of the club’s supporters, head coach Hansi Flick informed the sporting department on September 22, 2026, that the squad’s absolute priority is the signing of a left-footed centre-back.

A Major Blow for Julián Álvarez

Hansi Flick’s Reasons for Rejecting Julián Álvarez at FC Barcelona

The FC Barcelona coaching staff believe the attacking department is already sufficiently covered following Raphinha’s performances at the start of the 2026–27 season, along with the options provided by Gabriel Jesus and other first-team players.

In contrast, the defensive absences, made worse by Andreas Christensen’s injury and Gerard Martín’s inconsistency, mean that the club’s winter transfer budget must be focused on finding a long-term partner for Pau Cubarsí.

Additionally, the German coach has given the green light to listen to offers for Alejandro Balde if a significant financial proposal arrives. The potential sale of the left-back could help finance the arrival of the central defender requested by the coaching staff, redirecting funds that had initially been considered for strengthening the attack.

Julián Álvarez’s Future Between Atlético Madrid, Arsenal and PSG

FC Barcelona’s decision leaves the 26-year-old striker with the choice of staying at Atlético Madrid or pursuing an alternative move to the Premier League or Ligue 1.

During the summer transfer window of 2026, both Arsenal and Paris Saint-Germain showed interest in signing him and have the financial resources required to complete the deal.

The FC Barcelona board will maintain its firm stance against investing in the attacking department, with Deco focusing his efforts on restructuring the defensive line.

Julián Álvarez’s representatives will assess the sporting situation at Atlético Madrid during October and November 2026.

If the situation between the Argentine player and the Madrid-based club remains unchanged, his representatives will begin talks with Arsenal and PSG in an attempt to secure his departure from the Spanish capital during the winter transfer window.