Real Madrid Parts Ways with Coach Alvaro Arbeloa; Julian Alvarez Transfer Bid Rejected

La Liga giants Real Madrid and first-team coach Alvaro Arbeloa have parted ways by mutual agreement, the club announced on Tuesday. The Spanish powerhouse conveyed its appreciation for Arbeloa's extensive history with the club, which spans his time in the youth academy, his playing career, and his recent coaching tenure.

“

Real Madrid CF and Alvaro Arbeloa have reached an agreement to end his time as first team coach. Real Madrid is deeply grateful to Alvaro Arbeloa, who, throughout his time at the club, from his time in our youth academy, has consistently demonstrated loyalty, commitment, and professionalism. He exemplifies the values of our club.

In an official statement, Real Madrid lauded Arbeloa for consistently embodying "loyalty, commitment and professionalism." The club emphasized that he exemplifies the core values of the organization. "Real Madrid CF and Alvaro Arbeloa have reached an agreement to end his time as first team coach. Real Madrid is deeply grateful to Alvaro Arbeloa, who, throughout his time at the club, from his time in our youth academy, has consistently demonstrated loyalty, commitment, and professionalism. He exemplifies the values of our club," the statement read.

The club further extended well wishes to Arbeloa and his family for their future endeavors. "Real Madrid, which will always be his home, wishes Alvaro Arbeloa and his entire family the best of luck in this new stage of their lives," the statement concluded.

“

Real Madrid, which will always be his home, wishes Alvaro Arbeloa and his entire family the best of luck in this new stage of their lives.

In a separate piece of news, Real Madrid confirmed a EUR150 million offer made to Atletico de Madrid for the transfer of star forward Julian Alvarez. However, Atletico Madrid rejected the proposal, stating that the offer did not meet the player's release clause. "After studying and evaluating it, Atletico de Madrid has thanked the club for the offer, made within the framework of the good relations existing between both clubs, and has rejected it, referring to the player's release clause," Real Madrid's statement detailed.

“

After studying and evaluating it, Atletico de Madrid has thanked the club for the offer, made within the framework of the good relations existing between both clubs, and has rejected it, referring to the player's release clause.