Álvaro Monteiro Magalhães (born 3 January 1961 in Lamego), simply Álvaro, is a Portuguese retired footballer who played as a left defender, and a current manager.
Álvaro made his professional – and top division – debuts in 1980, with Académica de Coimbra, moving after only one season to league giants S.L. Benfica. After two seasons, he became first-choice, helping the Lisbon outfit to four leagues and as many domestic cups (three consecutive in the latter competition), while amassing more than 200 official appearances.
In June 1990, after only 13 matches in his last two seasons combined (Benfica also appeared in two European Cup finals during that timeframe, but he was only a fringe player), Álvaro left and signed with neighbous C.F. Estrela da Amadora, helping the side to the second round of the UEFA Cup Winners' Cup; however, the league ended in relegation. He closed out his career at the age of 32, with second level club Leixões Sport Clube.
One year after retiring, Álvaro began a coaching career, working with several first and second division clubs, his first experience in the former category being with G.D. Chaves in 1997–98, narrowly avoiding relegation.