He can play there, but I doubt it Del Neri would. And even though we tried in our national team, he definitely isn't a winger, and that was in a 4-2-3-1, not a 4-4-2/4-4-1-1. He would drift to the middle all the time.
Playing him as a CM would seem the only option, considering the formation.
VDV and Diego linking up would mean some serious badass play though.
Del Neri would probably feel we'd miss some muscle in the middle of the pitch.