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Arsenal agree personal terms with Velez Sarsfield star Alvarez

Arsenal have settled personal terms with Velez Sarsfield midfielder Ricky Alvarez.

The 23 year-old Argentine is viewed by Gunners boss Arsene Wenger as a readymade replacement for Barcelona target Cesc Fabregas.

Gazzetta dello Sport says Arsenal have struck personal terms with Alvarez's camp, but are struggling to reach an agreement with Velez over a fee.

Velez want €15 million for Alvarez, while Arsenal have so far offered €10 million.

AS Roma have dropped out of the running after failing with a €8 million offer for the midfielder, who is also interesting Inter Milan.

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

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