Sergio Agüero has been forced to suspend his post-retirement senior appearances after sustaining a serious Achilles injury in an over-35 fixture. The 37-year-old was injured during a clash against River Plate in Argentina’s +35 Senior League Cup. His side went on to win 2–0, but Agüero had to leave the field after suffering what was described as a “heavy blow” to his left ankle.

Teammates and opponents helped Agüero from the pitch. He later posted a video to his Instagram story to explain the diagnosis. “I had an MRI and it was confirmed that I tore my [Achilles] tendon,” he Agüero revealed. “Tomorrow, I will start the tests and I will have to have surgery. There’s no other option. I want to thank all the boys from Independiente and also those from River who were worried.”

Following the operation, Agüero shared a smiling picture from his hospital bed. The injury now places his involvement in senior football on indefinite hold as he begins rehabilitation.

Since retiring from elite-level play, Agüero has remained active in alternative competitions. He has taken part in the Kings League, appearing on court in Spain in 2023, and his KRÜ FC team is competing in Kings League Mexico in 2026. Those appearances formed part of his attempt to return to the pitch in a different capacity.

Returning to full-sided matches for the club he supported as a child had been a clear ambition. Agüero left Independiente to join Atlético Madrid at the age of 18 and had always hoped to make a comeback there. A heart problem discovered when he was 33 curtailed plans that may otherwise have allowed him to extend his playing career beyond a two-year contract at Barcelona, so the chance to play in veterans’ fixtures carried personal significance. Playing veterans’ matches “isn’t quite the same,” but it helped make that dream a reality. Only days before rupturing his Achilles, he said: “I’m going to be around here, so I hope to keep adding games.”

Atlético Madrid are preparing a contract proposal that would elevate Julián Álvarez to the club’s highest-paid player as a response to reported interest from Arsenal and Barcelona.

According to MARCA, Atlético are inclined to convert a current uncertainty into certainty by offering Álvarez a net salary of $11.5 million per year, up from his present $8.1 million. That net figure is understood to translate to a gross sum in the region of $21.4 million annually, which would match the club’s top earner, Jan Oblak.

Talks have not formally begun, though Álvarez is believed to be aware of Atlético’s thinking. The Argentine finds himself in a position of power ahead of a potentially decisive summer transfer window. “Maybe yes, maybe no, you never know,” he helpfully added.

Arsenal and Barcelona have both been linked, but their financial circumstances differ markedly in the report. Arsenal, backed by Premier League resources, recently made Bukayo Saka the club’s highest earner with a wage equivalent to $20.7 million a year. The Gunners are reportedly obliged to sell this summer to remain compliant with Premier League financial rules after multiple years of heavy outlays and limited offsetting income. Since the 2021–22 campaign, only one club in world soccer has recorded a larger net spend than Arsenal.

Barcelona’s position has been more constrained. The club have been described as so cash-strapped they removed free breakfasts for academy players in recent years. President Joan Laporta inherited significant financial problems stemming from mismanagement and the COVID-19 pandemic, but Barcelona have used palancas to channel available funds back into the playing squad. As Johan Cruyff once said: “The money should be on the pitch. Not in the bank.”

That approach has funded Robert Lewandowski’s sizable salary, reportedly around $27.6 million. Lewandowski is out of contract this summer and is set to move on, creating a potential squad and accounting vacancy that the reports suggest Álvarez could fill if Barcelona pursue him.

The immediate outcome remains uncertain, but Atlético’s reported plan is clear: use a substantial pay rise to retain Álvarez and deter rival suitors.

The surge in transfer prices and squad valuations has reshaped how clubs are measured. The CIES Football Observatory produces those estimates by weighing a player’s quality, age, position and length of contract, and those individual valuations are then summed to give each squad a market value.

The scale is striking. There are nine clubs with squads valued above $1 billion. At the top is Real Madrid with a squad valuation of $1.78 billion and Kylian Mbappé listed as the most valuable player at $221 million. Barcelona follow with $1.60 billion, Lamine Yamal accounting for $403.9 million of that total. Arsenal and Paris Saint-Germain each sit at $1.55 billion, with Bukayo Saka ($131.5 million) and Désiré Doué ($150.3 million) named as their most valuable players respectively.

Liverpool’s roster is valued at $1.20 billion, most valuable player Florian Wirtz ($149.8 million). Bayern Munich come in at $1.15 billion with Michael Olise ($162.6 million) as their top-rated asset. Tottenham’s squad is valued at $1.03 billion; Xavi Simons is listed as their most valuable player ($98.1 million), despite the club’s current relegation fight and Igor Tudor’s assessment that players “are lacking when we attack, we lack the quality to score the goal. We are lacking in the middle to run and we are lacking behind to stay there to suffer and not concede the goal.”

The list also includes Manchester United ($953 million, Benjamin Šeško $100.3 million) and Inter ($942 million, Lautaro Martínez $117 million). Earlier-positioned squads under $1 billion include Atlético Madrid ($903 million, Julián Álvarez $136.5 million), Juventus ($896 million, Kenan Yıldız $152.5 million) and Brighton ($894 million, Diego Gómez $86.4 million).

Several voices in the game have reflected on the market changes. Karl-Heinz Rumminegge said, “There are some players who do not come with a price tag.” Robert Lewandowski complained, “You are young, you score 10 goals in six months and some club will pay 60 or 70 million,” adding, “Before, you had to achieve something.” Vincent Kompany warned players about hype: “I always tell my players, ‘When there’s hype please don’t believe it, you’re not that good.’”

Whether the valuations mirror on-field quality or the inflation of a transfer market remains the central question CIES data brings into focus.