Transfer deadline day: Alvarez to Arsenal? Who else could be on the move?

As the summer transfer window closes, England, Spain, and Italy clubs scramble to finalize deals before the deadline. Two high-profile targets capturing attention are Julian Alvarez and Enzo Fernandez. While Barcelona was initially seen as Alvarez's preferred destination, Atletico Madrid's reluctance to sell has redirected his destination to Arsenal.

The 26-year-old Argentinian striker, who has expressed his desire to leave Atletico, could cost the Premier League champions a hefty €150 million. Atletico holds out for this fee, despite Alvarez's frustration with the club. Meanwhile, Chelsea is in talks with Manchester City to finalize the transfer of their Argentine midfielder, Enzo Fernandez, for £120 million.

The 25-year-old, who has been critical of the Blues after their Champions League exit, is eager to leave Stamford Bridge. Tottenham Hotspur is also interested in the midfielder. Liverpool's interest in winger Cody Gakpo has been reported, with Tottenham also showing an intent to sign him. City are willing to pay around £85 million for the 27-year-old, who has been versatile in his playing position.

Manchester City winger Jack Grealish could return to Everton on loan, as the 30-year-old England international enters the final year of his contract at the Etihad Stadium. Finally, Arsenal winger Gabriel Martinelli is in talks with Saudi Pro League side Al Hilal for a €70 million move.