According to the latest issue of OMN (Official Nintendo Magazine, in Europe), Europe will be seeing a localized release of Tales of Graces later this year. Namco Bandai released the game last December and has yet to announce a localization of the title.

The issue stats that the game will be released in Summer 2010 in Europe. Considering the lag that the European versions have encountered in the past, it is possible that this signals a North American versions sometime earlier in the year, or the company could be trying to bring the releases together like Square Enix is doing with Final Fantasy XIII.

This would also make sense considering Spring 2010 is set to be filled with tons of next-gen releases which would drown out much of the possible sales of the game.

As of now Namco Bandai has yet to comment on this news, so this can only be taken as a rumor until we get official confirmation from the company.