Havertz missed the second half of last season due to injury and his latest injury is causing concern among Arsenal's board members. The team is now considering bringing in another player to fill the gap.
Alvarez, who plays for Argentina, has been a target for Arsenal in the past. He joined Atletico Madrid last year after leaving Manchester City and is currently in his second season in Spain.
Alvarez's agent has said that the striker is open to returning to the Premier League. However, he is currently unhappy with his role at Atletico under coach Diego Simeone.
One obstacle for Arsenal is that Atletico would need time to find a replacement for Alvarez before allowing him to leave. This could be a challenge for the Gunners, as the transfer deadline is just around the corner.
Atletico is reportedly seeking around 100 million euros to sell Alvarez, which is a significant amount of money.