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Manchester City have made a surprise move in the fierce transfer battle for Julian Alvarez. The Premier League champions are exploring a stunning loan return for the Argentina striker and are trying to hijack Arsenal's huge proposed deal for the Atletico Madrid forward in the hectic closing days of the summer transfer window.

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City explore shock reunion

Manchester City have joined the frantic race to sign Alvarez from Atletico Madrid, a development that could upset one of the Premier League's biggest potential transfers. According to Marca, the English side have made initial enquiries over a sensational loan move to bring the forward back.

Alvarez left Manchester two years ago in an £82 million move to the Spanish capital, but he is now facing an uncertain future.

Arsenal have shown serious interest and are said to be ready to approve a deal worth as much as €150m (£130m) to take the 26-year-old to Emirates Stadium.

However, City are now actively assessing their own chances of landing the attacker before the transfer deadline passes.

Transfer standoff in Madrid

The situation involving Alvarez has intensified quickly this week. The striker has missed training for three straight days after being booed by Atletico supporters last Sunday. Although his clear first choice is to join Barcelona, the Madrid club remain completely firm that they will not negotiate with their Catalan rivals.

Instead, Atletico have opened the door to a lucrative sale to Arsenal, who are waiting for encouragement from the player's camp before making a formal bid. A return to England will not be simple for either club, as he remains very reluctant to head back to the Premier League despite increasing pressure to leave the Estadio Metropolitano.

Attacking shortage forces move

Manchester City have been pushed into reassessing their attacking options after the recent exits of Omar Marmoush and Savinho, leaving Enzo Maresca's side short of firepower. Re-signing Alvarez would address this sudden problem, given his proven record in England.

During his earlier spell at the club, he scored 36 goals in 103 appearances and played a crucial part in helping City win the Treble in his first season. Even though the move makes sense on paper, official talks between the two clubs have not yet started. Atletico are standing firm on their huge valuation, so City would need to overcome major financial and personal obstacles if they want to complete a late loan agreement.

What comes next?

Alvarez will not play in the upcoming match against Sevilla, with Diego Simeone confirming that the striker will not travel with the squad. Arsenal remain ready to submit their €150m offer if the player gives the green signal, while Manchester City must decide whether to turn their initial enquiry into a formal loan proposal before time runs out.