The report says Diego Simeone still hopes to rebuild the situation, but the mood around Álvarez seems to have darkened quickly.
That matters because Simeone has often thrived on emotional buy-in. If a forward is no longer fully embraced by the stands, every touch becomes a talking point and every omission invites a theory.
The long-running link with Barcelona refuses to disappear. Reports have continued to place Álvarez in their thinking as they plan for life after Robert Lewandowski, and the attraction is obvious. He is versatile, aggressive without the ball and comfortable playing across the front line.
Yet this has never looked simple. Atlético reportedly do not want to negotiate from weakness, and the club’s stance appears to be as much about authority as money.
That is where Arsenal enter the picture. The update says a move to the Premier League has been discussed, with 150m euros mentioned as the sort of figure involved. Even with cautious wording, that is the kind of sum that can change a club’s posture very quickly.
For now, the next thing to watch is whether Álvarez returns quietly to the squad picture after Sevilla, or whether the final days before Tuesday turn this tense standoff into one of the window’s defining exits.