Manchester City reportedly rejected a transfer proposal involving swapping one of their youngest and most exciting stars with close rivals Liverpool in 2024
This could have proved to be an interesting one…
Man City aren’t exactly short on forwards at the moment and have brought in plenty of attacking options over the past year, and with Erling Haaland breaking all manner of records up front for them, they didn’t find it too hard to sell on another promising young striker in Julián Álvarez for a club record sale.
However, as per recent claims made by a Telegraph Sport journalist, there was a possibility of Álvarez swapping the blue of City for the red of Liverpool.
🚨🚨| In summer 2024, when Liverpool realised Luis Díaz wanted to join Man City, their recruitment team proposed the Colombian to the Etihad Stadium in exchange for Julián Alvarez. Man City said: “We don’t sell to rivals." Liverpool said: “Neither do we then."
— Goals Side (@goalsside) September 11, 2025
[@_ChrisBascombe] pic.twitter.com/EvK6Uq1gES
That’s according to football writer Chris Bascombe, anyway, who recently wrote that the two Premier League sides could have engaged in a player swap deal were the division’s then Treble-winners willing to negotiate with the only other team that has really contested the title with them in recent years.
As you can see, Bascombe states that Luis Díaz wanted a switch to the Etihad Stadium even before the current English champions shuffled their front three.
This has been backed up by The Times’ Paul Joyce as well, who says that the Colombian winger was ultimately “unsettled” by interest from City and others
Díaz (who recently signed for Bayern Munich) made it clear he wanted to play under Pep Guardiola, and it seems there was at least some willingness from the Merseyside outfit.
Provided they get an increasingly wantaway Julián Álvarez in return.
With Haaland having been brought in and making himself comfortably the go-to number nine for what could very well be the next decade, they clearly saw an opportunity to offer him an alternative, but Man City simply said, “We don’t sell to rivals.”
Regardless, it seems hard to imagine not only two top-flight English teams doing a deal like this but to picture what it would have been like to see Álvarez, who was still very highly thought of among a large section of supporters, being cheered on by the fans inside Anfield.
The Argentinian striker – though he has been utilised in a variety of positions at the top end of the pitch – has well and truly shone in La Liga, and now looks like he could be set to swap Madrid for Barcelona.
Álvarez has apparently made it clear to those closest to him that he wants Barca, and despite the summer window closing, the Catalan giants could pursue a deal to sign him next year when his contract expires, or indeed, even go after him this January.
Meanwhile, after bringing in plenty of new talent over the past few months, with Manchester City now effectively being given the green light to proceed with a major commercial sponsorship deal, you could very well see yet more big money being spent in seasons to come.
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