Summary:
Sunderland have signed winger Ricky Alvarez from Atletico Madrid on loan until the end of the season.

Full article:
By . Craig Hope for the Daily Mail . For all the moves before 11pm, click here . Gus Poyet has snapped up his second South American of the day following Ricky Alvarez’s arrival from Inter Milan. The Argentina winger - like Liverpool’s Uruguay defender Sebastian Coates - has penned a season-long loan deal at the Stadium of Light. VIDEO Scroll down for Ricky Alvarez's stunner for Club Atlético Vélez Sarsfield (archive) Quality: Alvarez has impressed at Inter Milan since joining in 2011, scoring 13 times for the Italian club . Permanent: Although the signing is initially a loan deal Sunderland will make it permanent if they stay up . The 26-year-old is currently on international duty but will return ahead of Spurs’ visit a week on Saturday. The loan fee is one million euros, while sources in Milan say Sunderland have committed to paying 11million euros for him next June, provided they remain in the Barclays Premier League. Alvarez, who joined Inter from Velez in 2011, scored four times in 28 league appearances for the Serie A side last season. He was part of the Argentina squad that reached the World Cup final, but played only 27 minutes during the tournament, as a substitute against Nigeria. International: Alvarez was a member of Argentina's World Cup squad but featured only once as a substitute .