Barcelona have ruled out signing Argentina forward Julian Alvarez from Atletico Madrid in January, with the 24-year-old waiting to see whether Paris St-Germain or Arsenal make a bid for him, or whether he should stay put.

Arsenal are refusing to give up on their pursuit of Argentina forward Julian Alvarez, 26, who is keen to move away from Atletico Madrid.

Arsenal could offer Viktor Gyokeres and Gabriel Jesus in part-exchange for Julian Alvarez.

Mikel Arteta is ready to make a £130m push to sign Julian Alvarez - but will demand assurances the Argentina star wants to move to Arsenal.

Arsenal manager Mikel Arteta and sporting director Andrea Berta have been in 'frequent contact' with Julian Alvarez and haven't given up hope of signing the unsettled Atletico Madrid striker