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Atletico Madrid sign Alvarez for £81m from Man City

Atletico Madrid have completed the £81.5m signing of Manchester City striker Julian Alvarez on a six-year deal.

Diego Simeone's Spanish side will pay an initial £64.4m (75m euros) with a further £17.1m (20m euros) in potential add-ons for the Argentina striker.

The 24-year-old's departure is a record sale for City, eclipsing the £50m they received from Chelsea for Raheem Sterling in 2022.

They paid Argentine side River Plate £14.1m for Alvarez in January 2022.

Alvarez said City - where he won six major trophies during his two-year stay - will always "have a special place" in his heart.