Maurizio Zamparini, the president of Italian side Palermo, has claimed in an interview Arsenal have signed Ricardo Alvarez.
The midfielder has been linked with a move to north London for a number of weeks and Arsenal executive Richard Law has held talks with Alvarez's club Velez Sarsfield.
A work permit would not be an issue as Alvarez holds an Italian passport.
Zamparini told Tuttosport:
"Alvarez? We had a specific interest we had in hand as early as January. Unfortunately, our mistake we did a quick run at the moment and has already signed for the 'Arsenal'. "Original source / Google Translation
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