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Alvarez Considers Agent Change Amid Transfer Rumors

The summer transfer window may be closed, but its aftershocks are still rattling Madrid – and the first real crack has appeared in Alvarez’s inner circle.

After years together, the Atletico Madrid forward is reportedly preparing to cut ties with his long-time agent Fernando Hidalgo, the man who steered his journey from River Plate to the European elite. For a player under siege on and off the pitch, this is more than a routine change of representation. It looks like a line in the sand.

A new face, a new project

Alvarez is understood to be weighing up an offer to join “The Elegant Game,” the fast-growing agency led by former Paris Saint-Germain and Argentina playmaker Javier Pastore. It is a project with a distinctly Albiceleste flavour. Enzo Fernandez is already on the books, and the agency has quietly built a strong portfolio of Argentine talent.

For Alvarez, the message is obvious: a fresh start, with a figurehead who understands the unique pressures of being a high-profile Argentine abroad. Pastore has lived the glamour and the grind. Now he is selling that experience as guidance.

Premier League and La Liga still circling

The window may have “slammed shut,” but the market around Alvarez has not cooled. Far from it.

Arsenal’s interest has not gone away. Mikel Arteta is seen as a long-term admirer of the versatile forward, viewing him as the right profile to deepen and diversify the Gunners’ attack. A player who can press, combine, and finish – that is the template Arteta has leaned on, and Alvarez fits it neatly.

Barcelona, despite their late swoop for Gabriel Jesus from Arsenal at the end of August, remain in the frame as well. Camp Nou has long been described as Alvarez’s dream destination, and his camp is fully aware that Hansi Flick is constantly scanning the market for top-tier attacking reinforcements. One big signing rarely closes the door there; it simply changes the angle of approach.

A bond with Atletico fans under strain

Back in Madrid, the mood has darkened.

The public nature of Alvarez’s transfer saga has left a mark on his relationship with the Atletico faithful. In the final weeks of August, tension in the stands grew into something more hostile. Boos rained down. At one point, he was even prevented from approaching the supporters for the usual post-match acknowledgments.

That kind of rupture is hard to disguise. It seeped into everything, even the club’s own media output. When Atletico released promotional photos for the new season, fans on social media pounced on Alvarez’s expression, claiming he looked miserable and branding the images “hostage photos.” The joke carried a sharp edge. It spoke to a fanbase that no longer felt fully connected to one of its forwards.

Winter window on the horizon

Now comes the awkward stretch between sagas: the space where a player must live with the consequences of a summer that did not deliver a move, while a winter window looms just ahead.

Alvarez is currently immersed in an intensive recovery programme, splitting his time between the gym and work with physiotherapists as he pushes to regain full fitness. The goal is clear – get back into the starting XI for the crucial fixtures to come, restore rhythm, rebuild form.

But the football will not be the only story. An impending agent switch, ongoing interest from England and Spain, and a fractured bond with sections of the Atletico support guarantee that his name will stay in the headlines as the new year approaches.

If this is the calm before the next storm, Alvarez is right at the centre of it, trying to decide not just who represents him – but where he truly wants his career to go next.