Julian Alvarez to Real Madrid? A complete timeline of €150m transfer saga by Florentino Pérez

Los Blancos had a trophyless 2025-26 season.

Florentino Pérez has won the elections and will now remain president of Real Madrid CF. The 79-year-old promised to bring in José Mourinho as the head coach for Los Blancos.

Pérez also promised to bring in a player worth €150m. He mentioned that he will be bringing in a Cristiano Ronaldo-like star. After already agreeing verbal terms with Denzel Dumfries, supporters speculated that Real Madrid are preparing an offer to sign Bayern Munich and France star Michael Olise after his top-of-the-line performances.

Los Blancos then announced an official €150m bid for Atletico Madrid’s Julian Alvarez. Currently, FC Barcelona are also in the race to sign the Argentine forward after the departure of Robert Lewandowski.

Also Read: Top six players Florentino Perez can sign for €150m bid as Real Madrid president

Julian Alvarez transfer saga with Real Madird

1. Real Madrid’s move

The Spanish giants make their move after Florentino Perez’s presidential election win. They put in a €150m bid for Argentina and Atletico Madrid forward Julian Alvarez on June 9.

2. Atletico Madrid rejects the offer

Real Madrid, after putting in their official bid for Alvarez, released a statement saying, “After reviewing and evaluating the offer, Club Atlético de Madrid has expressed its gratitude for the proposal, made within the framework of the good relations between both clubs, and has rejected it, referring to the player’s release clause.”

3. Atletico Madrid comes in with a four-point clarification

Atletico Madrid took to social media, where they responded to the official bid by Los Blancos. They have come up with a clarification regarding the offer made for Alvarez.

4. Atleti’s response on Pope Leon XIV’s video

Real Madrid posted a video where Pope Leon XIV was asked to choose between Barcelona and Real Madrid. Atletico Madrid issued the clarification, where they mentioned, “They cut out the part of the Pope’s video where he said he was an Atleti fan too.”

5. Atletico Madrid denies thanking Real Madrid for the offer

Atleti went on to mention that Real Madrid is confused. The statement said, “You must have confused education with gratitude, but to leave no doubt: we don’t thank you for anything.”

6. Atleti roasts both Real Madrid and Barcelona

Atletico Madrid’s fourth point mentioned, “How could we not get along, when you make us laugh even more than FC Barcelona does.”

This marks a direct jab at both the Spanish giants.

7. What is left in the end?

Florentino Perez completes his campaign after placing a €150m bid.

Atletico Madrid benefits from the offer and this helps them increase the price tag for Julian Alvarez.

This has only made things tough for FC Barcelona, who reportedly placed a €100m bid for the Argentine forward. With the increased price, it will be interesting to see the move made by the Catalan club.

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