Madrid: Real Madrid announced on Tuesday that it has submitted a pound 150 million offer to Atl©tico Madrid for the federal rights of player Juli¡n Alvarez.

According to Iraqi News Agency, the club stated in a press release on the X platform: "Following today's board meeting, an offer of pound 150 million was submitted to Atl©tico Madrid for the federal rights of player Juli¡n Alvarez."

"After reviewing and evaluating the offer, Atl©tico Madrid expressed its appreciation for the offer, which was made within the framework of the good relationship between the two clubs, but rejected it, citing the player's release clause," the statement continued.