Real Madrid have submitted an offer to Atlético Madrid for Julián Álvarez, but the bid has been rejected.

Official Statement from Real Madrid

Real Madrid C.F. announces that, following the Board of Directors meeting held today, the club submitted an offer worth €150 million to Atlético Madrid for the registration rights of player Julián Álvarez.

After reviewing and assessing the proposal, Atlético Madrid expressed its appreciation for the offer, which was made in the spirit of the good relationship between the two clubs. However, the club ultimately rejected the bid and stated that it will strictly adhere to the player's release clause.

(End of statement)