According to London Football, Arsenal are still patiently waiting for the opportunity to sign Alvarez.

London Football understands that Arsenal are still monitoring the transfer market for opportunities to sign Álvarez. The player himself prefers a move to Barcelona, and he made it clear during the World Cup that he wanted to leave Atlético Madrid.

It is understood that Mikel Arteta and Andrea Berta both greatly admire Alvarez and hope to see him wear the Arsenal red and white jersey. Similar to the situation with Vinicius Junior, the club sees the striker as a key player who can enhance the team's influence and is willing to invest heavily to facilitate the transfer.

However, similar to the cases of Morgan Rodgers and Barcora, Arsenal will also set a valuation for each player. Atletico Madrid have stated that they will not let Alvarez go even if they receive an offer of €200 million (£171 million), a figure far exceeding what Arsenal are willing to pay.

Arsenal have remained patient throughout the transfer window, as the club understands there is a lack of viable options on the market that could significantly bolster their attack. London Football understands that Arsenal had hoped for a shift in the transfer market to open the door to a player like Alvarez, but so far, the market has not developed as expected.

Alvarez is seen as capable of helping Arsenal reach new heights. Since winning the Premier League title, Arteta has publicly stated that the team needs to continue evolving, including making some tough decisions.

Alvarez's ability to play as a left winger, a position he has previously played for the national team, is considered another advantage. If he joins, the roles of current center forwards Victor Yocres and Havertz in Arteta's plans will need to be adjusted.

Both Jesus and Martinelli are likely to leave Arsenal this summer, which would further increase the club's transfer budget. However, Arsenal are unwilling to let Martinelli leave without finding a good, or preferably better, replacement.

With less than two weeks until the transfer window closes, Arsenal's time to sign a striker is running out. London Football understands that the club also highly admires Kelvin Yildiz, but convincing the player to transfer won't be easy, and Juventus will also need to be persuaded. Juventus previously rejected an inquiry from Arsenal earlier this year.