He is only 33, (I say only because im older ) I think he would hack it in EPL, but i might be biased. Limpar was also an old has been from Arsenal when he came to Everton.
I gather from your reactions tho that you think its a bad idea, haha. Would be a shame if he ended up somewhere like Fulham and had a cracking season tho.
Sorry for posting in the wrong place.
http://www.givemefootball.com/premier-league/freddie-ready-to-return-to-pastures-old
http://soccernet.espn.go.com/news/story?id=843316&sec=transfers&cc=5739