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Manchester City and Atlético Madrid have agreed a deal for striker Julián Álvarez, a source has told ESPN.
The LaLiga side are set to pay up to €95 million ($104m) for the Argentina striker. Around £64m (€75m) will be due up front with another £17m (€20m) in performance-based add-ons.
It represents City's record departure and a huge profit on the £14m they paid for Álvarez when he arrived from River Plate in January 2022.
Sources have told ESPN that Álvarez has not yet agreed personal terms with Atlético, but it is understood to be a formality.