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Mauro Zarate has not completed a loan move to Velez Sarsfield, despite the Argentine club announcing he was joining them until the end of the season.

The Watford forward is currently on loan at Al Nasr, but his boyhood club Velez Tweeted that he would be returning there for the third time in his career until the end of the season.

Watford say, however, that no deal has been completed or signed and that Zarate, for now, remains an Al Nasr player.

There is an expectation that a deal may be sorted in the next few days and Zarate is likely to end up at Velez, it is not at an official stage yet though.

Hornets head coach Marco Silva played down the rumour too, insisting a decision on the 30-year-old's future is yet to be made.

He said "It is not official. If you start to talk about all the rumours, and the things they put in Argentina and Portugal, we will lose our time because it is not official. Something will be official when the clubs reach an agreement.

"For me it is new, I know of course what you are talking about, but it is not official. We didn’t talk about this situation, myself and the board, and for me it is new."