Arsenal is interested in signing Julian Alvarez this summer, but a significant sale would be needed to finance the deal. The Gunners, Barcelona, and Paris Saint-Germain have all expressed interest in Alvarez, who joined Atletico Madrid from Manchester City in the summer of 2024. The 26-year-old's contract runs until 2030, with a €500 million release clause. While the full clause is unlikely to be met, reports suggest a starting point of €100 million. Arsenal spent over £270 million last summer without major sales, and will need to offload players to fund an Alvarez move. The Telegraph has identified potential sales, including academy stars Ethan Nwaneri and Myles Lewis-Skelly, whose sales would represent 'pure profit' under Profit and Sustainability rules. Ben White, signed for £50 million, and Gabriel Martinelli, who has struggled for form this season, are also at risk of being sold. Arsenal aims to strengthen their squad and may need to make tough decisions to secure top talent like Alvarez.