Rumors out of Italy and South America have floated about recently regarding the Fire's interest in midfielder Arévalo Rios. A report today went so far as to claim a deal was imminent and suggested that Rios' agent was in Italy working out the details to complete a move to MLS.
While the Fire have expressed some past interest in Rios it seems that a move is not in the making. At 31 years old and recently with Palermo in Serie A, Rios is still a capable player but he's not a fit in Chicago for several reasons. Salary and cap/budget restrictions, available international roster spots, and the Fire's abundance of holding midfielders make this an unlikely acquisition. With Jeff Larentowicz, Logan Pause, and Daniel Paladini the club appears to be set at the central holding spot and would be more in the market for an attack minded central player before adding another piece at a spot of strength.
In order to justify spending the amount of resources required to add a player like Rios, he would need to be a player capable of making a significant impact and provide a marked improvement over the Fire's other options at the position. While he still has some quality, playing for 10 teams in 13 years would suggest that he's a short term gamble at best. There's a reason why clubs don't spend DP dollars on holding midfielders.
A club source confirmed that there is no deal in place or pending to acquire Rios.