The Argentine international has been told he is free to join Porto.
It appears as though former Sunderland loanee Ricky Alvarez has finally found himself a new club. The Argentine international is, according to A Bola, all set to agree a deal with Porto and make an immediate move despite the transfer window being shut.
The report claims that FIFA have allowed the deal to go ahead outside of the usual transfer windows as a bitter war between Sunderland and Inter Milan continues to wage on over ownership of the player.
Alvarez will not be able to play for Porto until January, and is out injured until December regardless, but is undergoing medical tests at the club and signing relevant contracts today.
Sunderland snapped up Alvarez on loan from Inter Milan last summer but he spent most of last season out of action with a knee injury – which is where the battle begins between Sunderland and Inter.
Alvarez is technically still an Inter player but they do not want him and argue that Sunderland agreed a mandatory fee with Inter to buy him outright at the end of his loan spell if The Black Cats survived relegation. That fee, according to the Sunderland Echo, was £7.5 million and Inter took Sunderland to FIFA over the deal – which is yet to be ratified.
Sunderland claim the fee is null and void because of the knee ligament trouble Alvarez suffered during his time in England.