The 24-year-old was once again pictured in Newcastle United training. But should fans really be holding their breath?
The Argentine has made a minimal impact since moving to St James' Park this summer yet remains an occasional fixture in training on Tyneside whenever he isn't injured.
Newcastle head into their game with Arsenal on a woeful domestic run, most recently losing out 3-0 at Goodison Park to Roberto Martinez's Everton side.
An injection of something new up front, then, (perhaps not necessarily against the Gunners) would do the Magpies' campaign no harm.
According to the Shields Gazette, Ferreyra hasn't given up on playing for Newcastle: "I have not been lucky enough to play due to physical problems but I am working to get well and stay on the field because I would love to stay and play here."
But have Newcastle fans given up hope of seeing the 24-year-old in action?
And, even if Ferreyra was ready, would a manager like John Carver ever take a gamble on him? After all, we have been here before with the forward...
At least the Argentine was seen in first-team training, though, and may have the faintest of hopes of playing a part in the conclusion of Newcastle's campaign. Not that it will matter, of course, as the Magpies' season is well and truly over barring a total disaster late on.