The 26-year-old has been heavily linked with a move away from the Spanish capital this summer, although Atletico are reluctant to sell.
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It’s been widely reported that Atleti value Alvarez at around €120, but that hasn’t stopped some top sides from expressing an interest.
Speaking ahead of their Champions League semi-final first leg against Arsenal on Wednesday (April 29), Simeone appear to reveal the clubs interested in Alvarez.
"I just suppose it is normal. He is an extraordinary player," Simeone told reporters.
"There is interest from Arsenal, Paris St Germain, Barcelona and other teams. But it is nothing we are concerned about."