Julian Alvarez is set to stay put at Atletico Madrid this summer, despite the speculation of Premier League interest surrounding the ex-Manchester City forward.

Alvarez had a fine first season with the Spanish heavyweights, netting 29 times across competitions after his switch from the Premier League to La Liga.

Yet, Atletico president Enrique Cerezo has firmly stated that Atletico isn't looking to offload the Argentine ace, barely a year since they forked out big bucks to snag him for Madrid.

"Julian Alvarez is an Atletico Madrid player and will be an Atletico Madrid player," he declared to Marca on Monday.

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Whether Arsenal or Liverpool will challenge this declaration with a formal bid for Alvarez remains up in the air, though rumors suggest they've got other striker targets in mind.

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Julian Alvarez has had a fine season in Madrid.

Marca had previously flagged up the interest from these two clubs last month, labelling Arsenal as the 'strongest bidders', with the north Londoners eager to land a top-tier striker to help clinch a long-elusive league title.

Alvarez himself has expressed 'reservations' about a return to the Premier League, despite his successful stint at Manchester City, which sparked mixed reactions upon his departure.

Should Alvarez be unattainable, Arsenal's quest for a new striker is likely to focus on Viktor Gyokeres and Benjamin Sesko

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