Watford youngster Adalberto Penaranda has been sent on loan to Italian side Udinese.
A statement on the club's website said that Watford "believe the highly-rated 19-year-old's progress is best served in the immediate future with regular first-team football".
The promising Venezuelan forward signed a four-and-a-half year contract with the Premier League side earlier this year.
He came to prominence with Deportivo La Guaira in his home country and played for Granada in Spain on loan last season, netting five times.
He had previously been on Udinese's books but did not play a game for the Italian side before his temporary move to Granada.