Arsenal handed major boost as Euro giants slash asking price for 26-year-old target

Arsenal have received a major boost in their pursuit of Julian Alvarez, with Atletico Madrid reportedly slashing their asking price for the forward to €120 million (£101m). According to Spanish outlet Sport, the valuation dropped from €200 million (£169m) following Alvarez's slow start to the season, opening the door for Mikel Arteta's side to launch a potential permanent transfer approach in January.

The Gunners are reportedly considering including Viktor Gyokeres in negotiations to offset costs, as Atletico maintain interest in the Swedish striker. Meanwhile, Barcelona's hopes of signing the 26-year-old Argentina international have suffered a setback after Alvarez split from his previous agent, Fernando Hidalgo, to work with Javier Pastore.