Vélez announced on Monday the return of Ricardo Álvarez, who arrives on a free transfer, and will sign his contract in the next few hours for a year and a half.
He is the third reinforcement of Fortín, following the signings of Ricardo Centurión and Mauro Pittón.
The midfielder had dissociated himself from Atlas de México, where he was not going to be taken into account.
In Vélez he was champion of the 2009 and 2011 Clausura, and then had stints at Inter, Sunderland and Sampdoria in Europe.