Mansion Sports – Real Madrid have released an extraordinary official statement confirming that their club-record €150 million (£129 million/$173 million) bid for Julian Alvarez has been rejected by city rivals Atletico Madrid.

This unusual announcement has finally revealed the true identity of the mystery Galactico promised by club president Florentino Perez, who vowed to sign the player after his recent successful election campaign.

Real Madrid Statement Confirms Bid for Alvarez

Following growing speculation, Real Madrid took the highly unusual step of publishing an official announcement regarding their transfer activity today. The club confirmed that a huge €150 million proposal for Alvarez had been rejected by Atletico.

The club’s official statement read:

“Real Madrid C. F. announces that, following a meeting of the Board of Directors held today, the club has submitted an offer of 150 million euros to Club Atlético de Madrid for the federative rights of player Julián Álvarez.”

“After reviewing and evaluating the offer, Club Atlético de Madrid has expressed its gratitude for the proposal, submitted within the framework of the good relationship between the two clubs, and has rejected it by referring to the player’s release clause."

Perez Delivers on His Promise of a New Galactico

The bold move came immediately after Perez was re-elected as club president on Sunday, defeating his rival Enrique Riquelme.

During his election campaign, the 79-year-old promised to spend heavily on one major target.

Before the player’s identity was revealed, Perez told Spanish television program Horizonte:

“On Tuesday or thereabouts, I will make an offer to a major Champions League club for a great player. It will be the biggest transfer fee ever paid by Real Madrid in its history.”

“We will submit a significant offer, at least around €150 million. He must be a central player capable of moving forward. And it is not Haaland. The player is not from the Premier League.”

“And the first thing we will do is speak with his club. This is a signing intended to generate excitement because, in the end, that is what matters most—creating excitement."

Interest from Rival Clubs and Release Clause Complications

Although they have identified their primary target, Los Blancos face a significant obstacle. It was initially believed that the Argentine striker had a €500 million (£431 million/$577 million) release clause in his Atletico contract.

However, reports suggest that his contract contains a special provision for certain Champions League clubs, potentially allowing them to secure his services for a fee closer to the €150 million mark.

Real Madrid are not the only European powerhouse pursuing the prolific forward, as Barcelona reportedly saw a €100 million bid rejected last week.

Meanwhile, the Santiago Bernabeu club have also confirmed the departure of first-team coach Alvaro Arbeloa. They released a separate statement thanking the coach, which subsequently paved the way for Jose Mourinho to make a sensational return.

What Is Next for Real Madrid?

Real Madrid must now decide whether to return with an improved offer or activate the release clause to force Atletico into a sale.

With Mourinho seemingly set to take over as head coach, the club are eager to complete the rebuilding of their squad as quickly as possible.

As Perez remains determined to bring a new superstar to the Santiago Bernabeu, supporters can expect further major bids in the near future.