It was reported last month that Arsenal and Liverpool were admirers of Alvarez, who enjoyed a brilliant first season at Atletico after leaving Manchester City last summer.
Eyebrows were raised when Atletico spent over £80m to sign Alvarez, who was mainly a bit-part player at the Etihad Stadium and played a support role behind superstar striker Erling Haaland.
But Alvarez has justified his big-money move to Madrid, scoring 29 goals during his first season at Atletico and providing a further five assists.
Full story: Metro
