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Pep Guardiola reacts to Man United and Arsenal's transfer business this summer and addresses what Man City will do to replace Atletico Madrid-bound Julian Alvarez

Manchester City are open to waiting until the end of August to land a new midfielder but Pep Guardiola claimed that the Premier League champions will refuse to be held to ransom.

Julian Alvarez is on the verge of completing a switch to Atletico Madrid, worth up to £82million, and his imminent departure has left an available slot in Guardiola’s thin squad.

But with a wealth of talent in attacking areas, City’s need is for a more defensively able midfielder capable of supplementing Rodri and options are scarce.