Latest transfer news today: Arsenal handed Julian Alvarez boost as Man Utd on red alert over £50m winger

The 2025/26 season has only just wrapped up, but with a World Cup on the horizon, the transfer market is already accelerating.

Clubs, agents and players are moving quickly, so with that in mind, Football Whispers takes a look at the biggest headlines shaping today's backpages:

Man Utd on red alert after Rafael Leao update

Manchester United are among several Premier League clubs interested in AC Milan winger Rafael Leao this summer, and their chances have now improved.

Reports in Italy suggest that the 26‑year‑old is ready to leave San Siro for a new challenge, opening the door to a potential move to England.

Chelsea, Arsenal, Tottenham Hotspur, Liverpool and Newcastle United are also monitoring the situation, ensuring strong competition for the Red Devils.

Despite having a £150 million release clause, the Rossoneri are expected to accept a far lower fee, with the Portugal international likely available for around £50 million.

Arsenal handed boost in Julian Alvarez race

Arsenal appear to have moved one step closer in the race to sign Julian Alvarez from Atletico Madrid, per reports.

It is claimed that Champions League winners Paris Saint‑Germain are said to have cooled their interest in the Argentina forward, leaving the Gunners among the frontrunners.

Meanwhile, Barcelona remain in the mix, but having just spent £70 million on Anthony Gordon, they may struggle to fund another major deal. Atletico are also reluctant to sell to a domestic rival, a factor that further strengthens Arsenal’s position.

What remains unclear is the fee required to prise Alvarez away from Madrid, with it likely to be in excess of £100 million.

Liverpool could lose Alisson after Arne Slot sacking

Liverpool goalkeeper Alisson Becker is now expected to become the latest long‑serving figure to leave Anfield this summer.

His potential exit comes just days after the shock dismissal of Arne Slot, who had hoped to keep the 33‑year‑old for another season due to his experience and influence in the dressing room.

However, reports now suggest that the Brazil international is ready to tell the club's new manager that he would like to call time on his Reds career and join Serie A giants Juventus.

Alisson has been linked with a move to Italy for several months now, with the Old Lady thought to be offering a three-year contract.