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Atletico Madrid are offering Joao Felix on loan plus some cash to Manchester City in exchange for Julian Alvarez reports Jeorge Bird of Sports Mail.
Atleti are desperate to sign Alvarez after offloading Alvaro Morata to AC Milan last month.
Man City have been reluctant to let go of Alvarez even though they cannot offer him the regular playing time he asks for. Thus Atletico Madrid and PSG have been pushing to get the Argentinian.
If City agrees to take Felix plus the money Atleti are offering it will end the Portuguese chapter with Barcelona.
Earlier in the week Benfica pulled out of the race to sign Felix citing the deal as being too expensive.
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