Gago failed to break into the Valencia side having moved to them from Real Madrid.
The Argentine international had a spell on loan at Velez Sarsfield but has now returned home permanently to get more playing time before next year’s World Cup.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.