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Valencia have loaned Argentine midfielder Fernando Gago to Buenos Aires club Velez Sarsfield on loan until the end of the season, the Spanish side announced on their website on Thursday.
The Argentine international midfielder only joined Valencia last summer from Real Madrid, where he had fallen out of favour and had been farmed out on loan to Roma.
The 26-year-old started his career with Boca Juniors before moving to Real Madrid in January 2007 at the same time as compatriot Gonzalo Higuain.
Velez Sarsfield won the most recent Argentine championship.