The Hornets have been linked with a move for the playmaker throughout the summer, but a few weeks back it appeared that they dropped their interest.
However, the Premier League outfit have now stepped up their interest in the Argentine international and are believed to be close to agreeing a deal for the attacking midfielder.
Hornets step up approach for Pereyra
Watford saw playmaker Almen Abdi and wide man Steven Berghuis leave Vicarage Road, with the latter of the pair leaving on a season-long loan.
Abdi has joined Championship outfit Sheffield Wednesday and this has left the Hornets with a lack of creative players ahead of the new season.
The move for Sofianne Boufal was rejected straight away from Lille, but it appears that the Hornets have now stepped up their approach to bring in Juventus playmaker Pereyra.
This would offer an extra attacking outlet, especially with Pereyra’s best position being just behind the striker, which will provide strikers Troy Deeney and Odion Ighalo with service.
Midfielder will bring an attacking outlet
The 25-year-old attacking midfielder is a very skilful player, who has match-winning capabilities, but was halted by injury last season which saw him only play 16 times for Juventus during the 2015-16 campaign.
The Argentine scored four goals in 35 appearances the season before, while on loan with the Old Lady, which brought about his permanent signing last summer.
New coach Walter Mazzarri is keen on bringing in Pereyra ahead of the new campaign, especially with the player playing under Pozzo-owned Udinese for four years before joining Juve.
After their bid for Boufal was turned down, the Hornets have taken the logistical route in going back to Plan A, which was to bring Pereyra to Vicarage Road.