The 21-year-old Argentine is due to undergo a medical with the Premier League club on Thursday.
"Velez Sarsfield and Sunderland Association Football Club have reached an agreement to transfer the player Gino Peruzzi," read an official Velez statement.
Peruzzi recently revealed that he was still interested in a move to the Black Cats after rejecting a deal earlier this week.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Leicester CityLeicester | 44 | 30 | 4 | 10 | 86 | 39 | 47 | 94 |
| 2 | Leeds UnitedLeeds | 44 | 27 | 9 | 8 | 80 | 37 | 43 | 90 |
| 3 | Ipswich TownIpswich | 43 | 26 | 11 | 6 | 85 | 53 | 32 | 89 |
| 4 | Southampton | 44 | 25 | 9 | 10 | 85 | 61 | 24 | 84 |
| 5 | West Bromwich AlbionWest Brom | 44 | 20 | 12 | 12 | 67 | 44 | 23 | 72 |
| 6 | Norwich CityNorwich | 44 | 21 | 9 | 14 | 77 | 61 | 16 | 72 |
| 7 | Hull City | 44 | 19 | 12 | 13 | 65 | 56 | 9 | 69 |
| 8 | Coventry CityCoventry | 43 | 17 | 12 | 14 | 68 | 55 | 13 | 63 |
| 9 | Middlesbrough | 44 | 18 | 9 | 17 | 64 | 60 | 4 | 63 |
| 10 | Preston North EndPreston | 44 | 18 | 9 | 17 | 56 | 61 | -5 | 63 |
| 11 | Cardiff CityCardiff | 44 | 19 | 5 | 20 | 50 | 61 | -11 | 62 |
| 12 | Bristol City | 44 | 16 | 11 | 17 | 51 | 47 | 4 | 59 |
| 13 | Sunderland | 44 | 16 | 8 | 20 | 52 | 51 | 1 | 56 |
| 14 | Swansea CitySwansea | 44 | 15 | 11 | 18 | 57 | 62 | -5 | 56 |
| 15 | Watford | 44 | 12 | 17 | 15 | 59 | 58 | 1 | 53 |
| 16 | Millwall | 44 | 14 | 11 | 19 | 43 | 55 | -12 | 53 |
| 17 | Stoke CityStoke | 44 | 13 | 11 | 20 | 44 | 60 | -16 | 50 |
| 18 | Queens Park RangersQPR | 44 | 13 | 11 | 20 | 41 | 57 | -16 | 50 |
| 19 | Blackburn RoversBlackburn | 44 | 13 | 10 | 21 | 58 | 74 | -16 | 49 |
| 20 | Plymouth ArgylePlymouth | 44 | 12 | 12 | 20 | 58 | 69 | -11 | 48 |
| 21 | Sheffield WednesdaySheff Weds | 44 | 13 | 8 | 23 | 39 | 68 | -29 | 47 |
| 22 | Birmingham CityBirmingham | 44 | 12 | 10 | 22 | 48 | 64 | -16 | 46 |
| 23 | Huddersfield TownHuddersfield | 44 | 9 | 17 | 18 | 47 | 74 | -27 | 44 |
| R | Rotherham UnitedRotherham | 44 | 4 | 12 | 28 | 32 | 85 | -53 | 24 |
| > Championship Full Table | |||||||||
