Paolo Di Canio has revealed that the Argentine fullback will not be moving to the Stadium of Light due to the player's ligament problems which were highlighted during a medical
The Argentine fullback was due to become the Black Cats' tenth signing of the summer before he failed a medical last week.
His club, Velez Sarsfield, had claimed that a deal was close but, with Peruzzi carrying an injury that would have hampered his preseason prepartions, Sunderland pulled the plug on the deal.
"At the moment, there is no chance for Gino Peruzzi to join us," Di Canio told reporters. "We have to make sure about some situations but my club is not a club that can sign at the moment a player who is injured, even though it's not a crucial injury.
"We are not Manchester City, who can think about buying a talented player with an injury and wait for him.
"We are not very late [in the transfer window], but I would like a player ready to join the rest of the group because the process of integration is not just physical. They have to understand how we play, which is not easy."