Atletico Madrid have reportedly given Julian Alvarez a deadline to settle his future, according to Sky Sports, as the club look to avoid prolonged transfer uncertainty surrounding the Argentine striker.

Atletico are said to want Alvarez to either commit his long-term future to the club or become open to a move to Arsenal instead. Crucially, the report states Atletico have made clear they will not enter negotiations with Barcelona — understood to be Alvarez's preferred destination.

The stance effectively takes the La Liga champions out of the running as far as Atletico are concerned, leaving Arsenal as the more realistic path away from the Spanish capital should Alvarez decide his time at the club is over.

For now, nothing is confirmed beyond Atletico's ultimatum, and it remains to be seen which direction Alvarez leans as the deadline approaches. The saga adds another layer of intrigue to what could become one of the more significant transfer sagas involving a Premier League club, with Arsenal seemingly patient suitors waiting on the sidelines while Atletico attempt to force clarity from their prized forward.