ARSENAL are ready to make an £11million swoop for the new Cesc Fabregas - Argy midfielder Ricardo Alvarez.
"There has been no deal with his club Velez Sarsfield but it is true the club have been looking at Alvarez."
Arsenal were in talks for the 23-year-old last month but negotiations stalled after Emirates executive Richard Law was quoted £11m by Velez president Fernando Raffaini.
But with the Gunners due to start pre-season training in 10 days, boss Arsene Wenger is set to step up the chase again.
Arsenal last night insisted they had not reached a deal with Argentine outfit Velez.
But earlier Palermo president Maurizio Zamparini claimed the Gunners had landed him.
He said: "We had the matter in hand in January but Alvarez has now given us the slip and signed for Arsenal."
Alvarez plays in the same position as Fabregas and landing him could finally see the Gunners skipper join Barcelona.
The Catalan giants are set to make a second bid for Fab, 24, this week after their opening £27m offer was rejected.
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