MADRID (AP) 鈥� says city rival Atletico Madrid has rejected an offer of 150 million euros ($173 million) for Argentina forward Juli谩n 脕lvarez.
The offer was part of the campaign promises made by ahead of his re-election on Sunday.
The 15-time European champion said that, 鈥淎fter reviewing and evaluating the offer, Club Atl茅tico de Madrid has expressed its gratitude for the proposal, made within the framework of the good relations between both clubs, and has rejected it, referring to the player鈥檚 release clause.鈥� Spanish media reported that this was 500 million euros ($577 million).
Real Madrid endured a second straight season without a major trophy.
Also Tuesday, it , who had replaced Xabi Alonso in January. The move sets up the expected return of Jos茅 Mourinho.
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