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The highly-rated Argentine midfielder has been strongly linked with Arsene Wenger's side and, until now, Arsenal had been clear favourites for his signature. The Gunners are believed to have tabled a bid worth €10million (£8.9million), with the 23-year-old destined for Europe this summer. Argentine outfit Velez are holding out for around €15million, but will have been encouraged by Inter's offer, which propels the Italians to the front of the queue. Alvarez's agent, Marcello Simonian, refuses to divulge which club is his client's preferred choice, but said: "I can only say that the footballer is prepared to play at a big European club."
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