Alex Baena to Manchester City transfer chances: How likely is January Atletico Madrid move? Football Whispers Index score

Alex Baena to Manchester City transfer chances: How likely is January Atletico Madrid move? Football Whispers Index score
Alex Baena to Manchester City - will it happen? Photo by IMAGO / Action Plus / IMAGO /Pressinphoto

Manchester City have been credited with an interest in Atletico Madrid winger Alex Baena, according to a report from CaughtOffside.

Newcastle United and Aston Villa are also understood to be admirers of the Spain international, with Villa able to offer a potential link through manager Unai Emery, who previously worked with Baena at Villarreal.

Baena has made an impressive start to the new season, but Atletico Madrid have shown no indication that they are willing to sell the 25-year-old, who remains under contract at the Metropolitano until June 2030.

Alex Baena to Manchester City rated ‘Unlikely'

The Football Whispers Index scores every transfer rumour across five weighted factors. Read how it works here.

Football Whispers Index: Transfer predictor

Alex Baena to Manchester City

Unlikely
Atletico Madrid have no plans to sell Baena, who is under contract until June 2030.
Updated
Financial viability20 / 25
Buying club need5 / 20
Player motivation6 / 15
Selling club incentive4 / 20
Market momentum6 / 20

The Football Whispers Index weighs finances, need, motivation, selling-club incentive and market momentum before layering on how contested and advanced a deal actually is.

Manchester City can comfortably afford Baena and Atletico Madrid have no obvious reason to sell him this season.

The single most decisive fact is that nothing beyond quiet admiration has emerged from three separate clubs, with no bid, contact or fee reported anywhere.

Financial viability

Financial viability20 / 25
  • Baena's Transfermarkt valuation sits at €40m, with four years left on his Atletico Madrid contract until June 2030.
  • Manchester City's estimated gross wage bill for 2026-27 is £177,944,000, led by Erling Haaland's £525,000 a week.
  • Baena earns an estimated €160,192 a week (€8.33m a year) at Atletico Madrid.

A fee anywhere near Baena's market value would represent a small fraction of Manchester City's overall spending power, which is precisely the kind of deal City have shown they can do without disrupting their wage structure.

His contract crucially still runs for four more years, which hands Atletico Madrid total control over any negotiation and removes the urgency a shorter deal would create.

None of that matters much until Manchester City actually table an approach, because affordability has never been the obstacle in this instance.

Buying club need

Buying club need5 / 20
  • Jeremy Doku, City's incumbent left winger, sustained a calf injury in August, with an expected return date of mid-September 2026, well before any January business.
  • City's wide areas already carry Doku, Rayan Cherki, Phil Foden, Antoine Semenyo and Iliman Ndiaye as recognised options across left and right.
  • City added four attackers in the summer window, including Iliman Ndiaye, Allan, Mathys Detourbet and Jeremy Monga.

Doku's spell out injured looked, on paper, like exactly the kind of opening that turns speculative interest into a concrete approach, except his return date sits weeks before any January business could even begin.

City's recent transfer business only reinforces how crowded the position already is, since four new attacking additions in one summer window is not the profile of a squad hunting for a fifth.

With Cherki, Foden, Semenyo and Ndiaye all capable of playing across the same flank, Baena would be walking into a queue rather than a vacancy.

Player motivation

Player motivation6 / 15
  • Baena played a prominent role in Spain's World Cup win, registering two goal involvements in seven starts across the tournament.
  • He has started the 2026-27 season with three goals and one assist in his first three Atletico Madrid appearances.
  • Baena managed five goal involvements in 46 appearances during his debut season at Atletico after joining from Villarreal in July 2025.

A hot start to the season is a good reason for suitors to notice a player, but it is not the same as evidence he wants to leave the club that gave him that platform.

Baena is already playing Champions League football at a club that reached the competition's knockout stages last season, which blunts the usual pull of a move to England.

A modest debut season at Atletico has given way to a much better start this time round, which if anything strengthens his case for staying and proving that version of himself right.

Selling club incentive

Selling club incentive4 / 20
  • Atletico Madrid have shown their resolve to keep key attacking players by resisting recent approaches for Julian Alvarez.
  • Baena signed a five-year contract at the Metropolitano running to June 2030 when he joined from Villarreal in July 2025.

Atletico's refusal to be moved on Julian Alvarez this year is the clearest evidence of a club digging in over its most important attacking players rather than one making phone calls to arrange a sale.

Baena signing through to 2030 removes any financial pressure to cash in now, since Atletico are under no contractual clock forcing a decision.

None of the reporting so far points to Atletico needing the money or lining up a like-for-like successor, which is usually the first sign a departure is being planned.

Market momentum

Market momentum6 / 20
  • Manchester City, Newcastle United and Aston Villa have all been credited with interest in Baena by CaughtOffside's Mark Brus on 4 September 2026.
  • Reports suggest any concrete contact from City is more likely in January or next summer than in the coming weeks.
  • Aston Villa's reported interest carries a personal connection through Unai Emery, who managed Baena at Villarreal.

A single agent-world source feeding one outlet is a normal way for a transfer story to start, but it is a long way from the multiple, independently-sourced reporting that usually precedes a concrete move.

Three different Premier League clubs being named in the same story does not, on its own, tell us how seriously any of them are pursuing it, since all three interests are described in the same tentative terms.

Villa's route in through Emery's old relationship with Baena is a more textured detail than the other two clubs can currently offer, even if it counts for little without contact actually being made.

Alex Baena to Man City: Will or won't it happen?

The verdict43 / 100
Manchester City, Newcastle United and Aston Villa are all credited with interest in Alex Baena, but nothing has advanced beyond exploratory contact ahead of January, leaving this in Unlikely territory.
It happens if Baena sustains his current scoring form, City decide they need another creative wide option, and Atletico Madrid soften their stance on his future.
It dies if Atletico Madrid hold the line they took over Julian Alvarez, or if City's already-stacked wide areas mean this interest never turns into contact.

This has all the hallmarks of a name floated a long way out from any real business, rather than a move with genuine momentum behind it.

It would take a January approach that Atletico entertain, or a summer valuation that finally tempts them, for this to move out of Unlikely.

Until City or a rival actually make contact, Baena's story is Atletico's to control, and they have given no sign of wanting to give that up.


Adeyeye Oluwapelumi is a writer with over five years of experience covering football and a range of global sports. A passionate Arsenal fan since 2004, he brings sharp insight and a genuine love for the game to every piece.