Reports suggest he’s set to sign a five-year contract at the Etihad, but will remain at River Plate on loan until July at the earliest.
The move comes on the back of what’s been a remarkable season for the 21-year-old in Argentina, scoring 24 goals and registering 15 assists in 46 club appearances.
This standout attacking return put Alvarez firmly on the map for many top European clubs, even if it’s traditionally unusual to see Europe’s biggest clubs buy directly from South America.
One of the clubs tentatively linked with Alvarez was City’s rivals Manchester United, although according to transfer guru Fabrizio Romano, they were never close to signing him once the Blues solidified their interest.
Best described as a fluid forward, Alvarez’s ability means he can operate anywhere across a front line, yet he is undoubtedly at his most dangerous playing through the middle as a centre-forward.