Arsenal’s pursuit of Julian Alvarez has taken a concerning turn, as the Gunners fear that Barcelona might regain the upper hand in the race for the Atletico Madrid striker.

Initially, Mikel Arteta’s side showed strong interest in Alvarez during the summer transfer window. However, the Argentina international opted for the prospect of joining Barcelona, a move that ultimately fell through when Atletico refused to sell to a direct La Liga rival.

Despite maintaining their interest, Arsenal's worries have intensified following Alvarez's recent decision to appoint Pablo Barquero as his new agent. Barquero, who also represents Rodri, played a pivotal role in the midfielder's move from Manchester City to Barcelona last summer, raising concerns at Arsenal about a potential link between Alvarez and the Catalan club.

Alvarez ended a long-standing relationship with his previous agent, Fernando Hidalgo, due to frustrations over his transfer situation. His choice of Barquero now creates a direct connection that could favor Barcelona.

While the situation appears grim, there are still glimmers of hope for Arsenal. Barcelona sporting director Deco suggested last month that Alvarez was “in the past” for the club, indicating they had moved on after failing to secure his signature. However, transfer dynamics can shift rapidly, and Alvarez’s desire to join Barcelona remains a significant factor.

For Arsenal, the attraction to Alvarez is clear. His versatility allows him to play in various attacking roles, complemented by his pressing ability and Premier League experience, making him a suitable fit for Arteta's plans. Financially, Arsenal may hold an advantage, and Atletico would likely prefer to sell abroad rather than to a rival.

The crucial question remains whether Alvarez's preferences have shifted. Should Barcelona make a serious move, Arsenal might find it tougher to persuade the player than to negotiate with Atletico.