Real Madrid announced this Tuesday that its Board of Directors has approved a proposal of 150 million euros to sign the Argentine forward Julián Álvarez. This figure represents an unprecedented amount for the white club.

However, the operation will not proceed at this time. As explained by Real Madrid itself in a statement, Atlético de Madrid has declined the offer and made it clear that any negotiation must involve the full payment of the release clause stipulated in the player's contract.

The entity chaired by Florentino Pérez indicated that the offer was made in a climate of institutional cordiality, but the rojiblanco team has chosen to maintain its position regarding a key player in their sporting project.

The statement shared by Real Madrid on X was responded to with laughing emojis by the official account of Atlético de Madrid, confirming the rejection.

This move corroborates previous statements by Florentino Pérez, who had publicly announced the intention to make a top-level signing. The Madrid director stated on June 4th that he was preparing a historic economic proposal to sign one of European football's biggest stars, ruling out names like Michael Olise or Erling Haaland.

The revelation of Julián Álvarez as the target clears up the uncertainties, but Atlético's refusal now forces Real Madrid to decide whether they are willing to pay the Argentine attacker's full release clause to try and complete one of the most talked-about operations in the transfer market.