In a news that will certainly have a positive domino effect on Arsenal’s bid to get a striker this summer, Juventus have officially announced that Real Madrid have triggered the buy back clause on Morata’s contract and that the player is now officially a Real Madrid player. The officially statement by the Serie A champions reads thus;
“Following the exercise option of the company Real Madrid Club de Fútbol of the purchase option for the repurchase of the registration rights of the player Alvaro Borja Morata Martin, Juventus Football Club SpA announces that the permanent transfer of the same player for € 30 million payable over two years,the net of the amount still owed by Juventus for the purchase of the same player (€10.7 millions).
“This operation generates a positive economic effect of about €16 million in 2016/2017 and net proceeds of approximately €19.3 million over the 2016/2017 and 2017/2018 financial years.”
It is common knowledged that Real Madrid intend to re-sell the player to the highest bidder and Arsenal are forerunners for his signature according to various reports. Wenger who is known for been very tricky in the transfer window is said to be taking advantage of the fact that there is little to no interest in Morata to see if Madrid will lower their demands for the player.
Madrid are said to be demanding as much as 57 million for the player which is steep but Arsenal are confident a deal can be done for much lower than the asking price as Chelsea and PSG who were initially linked with his signing are no longer interested are they are more focused on getting other deals done.