The Italian international scored yet again for Bologna this week.
This summer he was loaned out to recently promoted Serie A side Bologna for the season after being informed his long-term future was not with the club.
Giaccherini was a shock coup in 2013. He arrived from Juventus for a fee reported by The Mirror to be in the £6.5 million region.
The Italian, who has 21 caps for the Azzurri, played 32 times in his first season at the club, scoring five goals.
However 2014-15 was spent mainly on the physio table. He played just 11 games, and scored no goals, in a disappointing campaign - although remained a member of the Italian national team under his former Juventus coach Antonio Conte.
However, as Sunderland are struggling in the Premier League. the Italian has been enjoying himself back home.
He scored in the 1-1 draw with Fiorentina at the weekend to continue his recent good form. He now has six goals in his last 11 games for Bologna and is hopeful of making the Italian national team for the European Championships this summer.
Perhaps Sunderland should have kept him on board after all.