Arsenal are set to miss out on Ricky Alvarez, according to reports.
The Argentine starlet has been linked with a summer move to the Emirates after emerging on Arsene Wenger's radar in the later stages of last season, but Roma now appear to be ahead of Arsenal in the race to land the player, according to The Metro.
After recovering from a serious knee injury back in 2008, the 23-year-old has worked his was back up the ranks at Velez Sarsfield and previously spoke on his awareness of clubs monitoring his progress.
"I know I’m being followed by some major European clubs, and I hear the rumours about me, but I just try to stay calm and down to earth," said the 23-year-old midfielder.
"For me it would be an important leap to arrive in Europe, and it is what I aspire to do. I am ready to play in Europe, I’m the right age to make this leap and I’m waiting for this opportunity."
The omission led to Valez placing a £12 million price tag on the player, a fee that Arsenal were reportedly ready to meet in an effort to bring the winger to the Barclays Premier League.
Alvarez's agent is reported to have said that the player ‘would be proud to wear the Roma shirt’, claims The Metro, in a move that will all-but end the interest of the Gunners.
The arrival of Luis Enrique in the Eternal City appears to have kick-started the Serie 'A' side into action over the transfer, and Arsenal will have to look elsewhere to bolster their ranks this summer.