It looks as though the forward is heading back to Lanus.
Back in 2007 Liverpool snapped up talented Argentine Sebastian Leto from Lanus. He was one of a few Argentine talents to join Liverpool during the Rafa Benitez reign, including the likes of Gabriel Paletta and Emiliano Insua.
He was handed the number 33 but never got a chance to play for Liverpool in the Premier League. He had his Italian passport revoked and he then failed to obtain a work permit so he only ever played four games for the club in the Champions League and League Cup.
He joined Olympiakos on loan in 2008 before leaving permanently to join Panathinaikos in 2009. It was in Greece that the former Liverpool star found his best form. He became a regular in the team and in the 2011-12 season he had scored 16 goals in 19 appearances.
Unfortunately he suffered a serious knee injury in January of that season. He never played for Panathinaikos again and a year later he cancelled his contract at the club.
The ex-Liverpool man went on to join Italian side Catania in 2013, but he has never rediscovered his form from the 2011-12 season.
Now, aged 28, the Argentine looks set to return to his boyhood club Lanus.
A report in Tutto Mercato Web claims that Leto is on the verge of rejoining the Argentine side today. The deal will be a loan, set at €350,000 with an optional fee of €3 million should they want to bring him back permanently in the summer.
So, seven and a half years after Liverpool brought him to Europe it appears as though the European adventure is over for the Argentine forward.