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Arsenal yet to close deal for Velez Sarsfield playmaker Alvarez

Arsenal are yet to close a deal for Velez Sarsfield star Ricky Alvarez, it has been revealed.

The Guardian says Gunners boss Arsene Wenger is keen on midfielder Alvarez.

Palermo are interested in the 23-year-old and, although their president, Maurizio Zamparini, may have been premature in saying on Friday that "Alvarez has given us the slip and signed for Arsenal", it appears a deal may be close.

An agreement over a £11 million between Arsenal and Velez has been mooted.

 It's kicking off again! Click here for your No1 source for Arsenal transfer market news and gossip.

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