Bundesliga giants Borussia Dortmund have abruptly abandoned the transfer of Edson Alvarez from Ajax.
According to reports from De Telegraaf, BVB decided against paying the hefty price tag of €30-40 million for the Mexican midfielder.
The news comes as a particular blow to BVB’s sporting director, Sebastien Kehl. He had successfully negotiated a five-year contract with Alvarez.
However, it seems the club is unwilling to part with such a substantial sum, given head coach Edin Terzic wants to continue with Emre Can in the team.
This setback marks another disappointment for Alvarez. He was in a similar situation last year when a potential move to Chelsea fell through on the final day of the transfer window.
Technical manager Gerry Hamstra and his right-hand man Klaas-Jan Huntelaar rejected two bids, refusing to discuss a transfer.
Dortmund had been eyeing Alvarez for some time, recognising his growth from a substitute player to an influential figure during his four seasons at Ajax.
In 147 appearances, the midfielder bagged 13 goals and six assists. The 25-year-old is adept at breaking up opposition attacks and keeping things ticking.
The news is a disappointment for Ajax. Alvarez had reportedly assured them of his cooperation in facilitating a transfer this summer.
Ajax’s new director, Sven Mislintat, already anticipated using the transfer revenue, but he must formulate new plans.
Several clubs, including Premier League outfit West Ham United, have expressed interest in the Mexican international.
Now that BVB have dropped the Alvarez deal, it is unclear who they will sign to replace Jude Bellingham following his transfer to Real Madrid.
But the Bundesliga club must add quality to their squad as they prepare to compete on all fronts again next season.
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