Inter Milan have agreed a deal with Lazio for the loan of Argentine forward Mauro Zarate but have missed out on Genoa's Argentinian attacking midfielder Rodrigo Palacios, according to Italian media.
Inter had been in discussions with Genoa over the transfer of Palacios but allegedly failed to reach agreement on a price despite offering 10 million euros.
Instead they have plumped for Lazio's out of favour forward Zarate who will cost the nerazzurri three million euros for the season-long loan with a provision for a 15-million-euro permanent deal in a year, Italian press report.
The 24-year-old began his career at Velez Sarsfield in his homeland before moving to Qatar with Al-Sadd.
He had a loan spell with Birmingham City in England before joining Lazio in 2008.
Inter have been in need of attacking reinforcements having sold Samuel Eto'o to Russians Anzhi Makhachkala and let Goran Pandev go to Napoli on loan.
They also signed veteran Uruguay striker Diego Forlan from Atletico Madrid earlier this week.