Ricardo Alvarez has signed for Arsenal, according to the Palermo president Maurizio Zamparini.
The 23-year-old Argentina midfielder has been a long-term target for the Italian side, but according to Zamparini, any chance of enticing him to Serie A is now over.
Speaking to Radio Kiss Kiss in Italy, he 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."
The 23-year-old Argentina midfielder has been a long-term target for the Italian side, but according to Zamparini, any chance of enticing him to Serie A is now over.
Speaking to Radio Kiss Kiss in Italy, he 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."
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