The Uruguayan full-back continues to be linked with a number of outfits on the continent including Chelsea, Napoli and Inter Milan but his representative Flavio Perchman says he has no real preference as long as the club he joins is competing for silverware.
"One day he is on his way to Naples, the next Chelsea. Obviously we are pleased that his name is being linked with big clubs, but at the moment there are no official offers.
"The player prefers the Premier League? I never said anything like that. It is not true and I have not spoken to the Portuguese press about that.
"I think that leagues like the English and Italian ones are possible destinations for Alvaro, but he has no preference. The important thing is that it is a competitive club."