Celtic transfer latest: Linked defender signs new deal - Parkhead move off?
The Mexican international was linked with the Hoops back in December by Record, with the 21-year-old attracting attention from a host of clubs.
It was thought that Celtic might make a move in January during the transfer window but nothing transpired.
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Hide AdIn March, the link resurfaced with talk the Hoops could try and get their man in the summer.
However, a figure of £9 million was quoted last month, which cast doubt on a transfer but the Mexican club have tied the versatile defender down on a deal until 2022.
Surgery will be required on the Celtic squad this summer, particularly in defence with Dedryck Boyata likely to leave, Marvin Compper almost certainly on his way out and Filip Benkovic’s future uncertain.
However, the Hoops will have to look elsewhere for reinforcements with any hopes of acquiring Alvarez now dead and buried.