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Julian Alvarez of Atletico Madrid(Image: Denis Doyle/Getty Images)Even though the summer transfer window has passed, it's not stopping speculation from swirling about business Liverpool may conduct.
In this case, though, one of the latest reports concerns a deal that nearly happened had it not been for a decision by another club.
The Telegraph has reported that Liverpool proposed a swap deal to Manchester City back in 2024 for Julian Alvarez.
Had a deal been completed, it would have seen Luis Diaz move to the Etihad Stadium, as was the Colombia international's desire at the time, according to the report.
Man City rejected the approach, the report claims, with Alvarez going on to join Atletico Madrid instead in a deal reportedly worth around £82million.
Fast forward to this summer and Diaz went on to sign for Bayern Munich, while Alvarez remains an Atletico player after enjoying an impressive debut season in Spain.
READ MORE:Liverpool 'plot move' for Michael Olise as £87m transfer plan emergesREAD MORE:Liverpool had Julian Alvarez transfer 'exchange' as Man City sliding doors moment clear
The report is likely to lead to rumours that Liverpool may pursue a move for Alvarez again in the future.
Whether that will happen remains to be seen, but it may be unlikely given the arrivals of Alexander Isak and Hugo Ekitike this summer.
What may offer another hint on the possibility of Liverpool having an interest in Alvarez is a fresh update from Atletico.
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