The 22-year-old forward will remain at the
Buenos Aires side on loan until July, 2022.
Argentine newspaper Ole reported that City
will pay River $26 million dollars (19 million pounds) for Alvarez, making him
the club’s most expensive sale since Javier Saviola moved to Barcelona in 2001.
“Julian is a player we have monitored for
some time,” City director of football Txiki Begiristain said.
“He is capable of operating in a number
of attacking roles, and we firmly believe he’s one of the best young attacking
players in South America.”
Alvarez scored 18 goals to help River Plate
win the Argentine league title in November. He made his international debut
last year and was a member of the Argentina squad that won the Copa America.
Premier League leaders City sold Spain striker
Ferran Torres to Barcelona in January