Arsenal are set to announce their first signing of the summer.
The Telegraph says 23-year-old Argentinian attacking midfielder Ricardo Alvarez, who is out of contract at Velez Sarsfield at the end of the season, is set to join the Gunners.
Alvarez holds an Italian passport and can play across the entire midfield, suggesting one of Tomas Rosicky, Andrey Arshavin, or Carlos Vela will be headed for the exit door.
The midfielder has been likened to Barcelona star Lionel Messi in Argentina.
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