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Atletico Madrid working to sign 'the new Suarez' Matias Arezo

Atletico Madrid are making progress in their efforts to sign Uruguay's rising star Matias Arezo.

The 18-year-old striker has been labeledd "the new Luis Suarez" and has caught the attention of several top teams in Europe.

The Spanish side are leading the race to land Matias Arezo from Uruguayan side River Plate as they continue to plan for the long-term future.

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Atletico close to deal for Matias Arezo

Atletico are in advanced talks over a deal for the Uruguay Under 23 international.

The Rojiblancos hope to seal the signing of the attacker for around €12 million to take a majority stake in the player's economic rights.