Ricardo Alvarez will enter Emirates within this week

Arsenals one of the targeted player’s Ricardo Alvarez

Arsenal has been observing argentine midfielder Ricardo Alvarez. The attacking midfielder currently plays for Club Atlético Vélez Sársfield and is out of contract at the end of the season. The 23 year old midfielder becomes the first arsenal transfer of the summer window.Last month arsenal were in negotiations for the 23 year old but the process was stalled after velez sarsfield president Fernando Raffaini demanded £11 million to emirates executive Richard law.

But, Palermo president Maurizio Zamparini has claimed that Ricardo Alvarez has signed for Arsenal. The Serie A side also had their eyes on the midfielder but he has turned down the Serie A side to join the gunners.

On an interview in Radio KISS KISS Palermo president Maurizio Zamparini said “We were interested in Alvarez, we were very close to him in January”.

"We lost him due to our mistake and I know that he has already signed for Arsenal."

If Alvarez joins arsenal as expected gunners skipper Fabregas may join Barcelona as Alvarez plays in the same position as Fabregas.