Real Madrid president Florentino Perez made the vague promise to bid €150 million for a mystery player ahead of the club’s elections.
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Perez has since won, and the mystery player turned out to be Atletico’s Alvarez, 26, despite reports it would be Bayern Munich’s Michael Olise.
Real Madrid released a statement confirmed that rivals Atletico had turned down the bid, to which they have now responded.
Taking to X, formally known as Twitter, Atletico released their very own four-point ‘official statement.’
They then added: P.S. Taking advantage of the good relationship with your new president, let's see if you stop "stealing" players from our Academy. Thanks a lot, Real Madrid."