The Daily Star report that QPR boss Mark Hughes has joined Arsenal in the chase for the Argentine striker.
Lazio are reportedly prepared to sell Zarate for around £10million.
Zarate is currently on loan at Inter Milan.
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?