The Copa America winner looks set for Chicago after leaving former Serie A side Palermo.
Uruguayan international and ex-Palermo midfielder Egidio Agudelo could be set to sign for the Chicago Fire, according to Uruguayan news site El Observador.
The 31-year-old has left Palermo following their relegation to Serie B at the end of the 2012-13 Italian season and has decided to head back to America, with Chicago looking the most likely destination.
Whilst never having played in MLS before, Arevalo has an abundance of experience in the Americas, having spent the previous twelve seasons playing for eight different clubs across the two continents.
Most football fans might best recognise him from his 46 appearances for the Uruguayan national side. He lifted the Copa America in 2011 alongside household names like Luis Suarez, Edinson Cavani and Diego Forlan, and was even selected for Uruguay’s 2012 Olympic squad as one of three permitted players over the age of 23.
Should Arevalo sign for the Fire he would not be alone, with fellow South American Juan Luis Anangono signing as a DP in July.