According to British media reports, Arsenal have always considered Alvarez a key transfer target. Previously, Arsenal hadn't actively pursued the deal due to the player's clear desire to join Barcelona, but with Barcelona's transfer plans facing obstacles, Arsenal are now preparing to accelerate their efforts.

Alvarez still hopes to leave Atletico Madrid and join Barcelona, which is his first choice. It is understood that Alvarez's stance has softened somewhat in recent days, but he has not yet explicitly stated his willingness to join Arsenal. For him, choosing Arsenal essentially means giving up his desire to join Barcelona.

Atletico Madrid have made it clear to Arsenal that Alvarez is asking for €150 million (approximately £128 million). Arsenal believe they are capable of completing the deal, provided the player agrees to join.

It is understood that Arteta is accepting that Alvarez is not Arsenal's first choice and believes that once the transfer is completed, the player will be able to fully commit to the team.

Barcelona remain interested in Alvarez, but due to Atletico Madrid's firm stance, they are also considering other striker options. If Barcelona ultimately give up, Arsenal may be the only realistic option for Alvarez to leave Atletico Madrid this summer.