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Barcelona will make a final effort to sign Atletico's Julian Alvarez by increasing their bid to €115 million before the August 10 deadline. Arsenal is monitoring the situation closely and is prepared to swoop in for the Argentine.

Barcelona is ready to make a final push to secure Argentine striker Julian Alvarez from Atletico Madrid before the August 10 deadline set by president Joan Laporta.

The Catalan club's sporting director Deco and head of scouting Joao Amaral have already arrived in Madrid for talks with the player’s agent, Fernando Hidalgo, and Atletico's CEO, Miguel Angel Gil.

Details of the offer and Atletico's stance

Barcelona's initial bid of €100 million was swiftly rejected. In the coming days, they are expected to raise the offer to €115 million (approximately £98.6 million).

A firm refusal: Atletico previously turned down a €150 million offer from Real Madrid, determined not to strengthen direct rivals in La Liga.

Rising tensions: The Atletico hierarchy is growing frustrated with Barcelona’s persistence, insisting they will not let the player go without a personal transfer request from Alvarez.

Return from holiday: Alvarez is due back for pre-season training on August 10.

Arsenal plotting a move

London's Arsenal retains a serious interest in the striker and is viewed by Atletico as a more desirable buyer should they decide to sell.

Sporting director of the Gunners, Edu, is leveraging his connections within the Madrid club to gain the upper hand if Barcelona’s negotiations break down. Alvarez himself is open to a move to London should the Catalan transfer fall through.