Bayern Munich have agreed to sell defender Lucio to Internazionale.
The Brazil international had been unsettled at the Allianz Arena after Louis van Gaal hinted he may not be first choice following his arrival as the club's new coach.
The 31-year-old made almost 150 appearances for Bayern following his arrival in 2004 from Bayer Leverkusen.
"Lucio is transferring immediately to Inter Milan and will receive a three-year contract there," revealed general manager Uli Hoeness.
"The clubs have reached an agreement and the player is also in agreement with Inter.
"He knew that he wanted to leave the club since the Confederations Cup."
Lucio had just one year remaining on his contract with the German giants and is moving for an undisclosed fee.
Elsewhere, the agent of Sevilla striker Luis Fabiano has warned AC Milan that they will have to up their offer to try and sign the Brazil international frontman.
The 28-year-old is reportedly keen to join the Rossoneri, but the two clubs have so far failed to come even close to agreeing a fee for the South American.
His representative, Jose Fuentes, said: "My assistant has already done his part, but now Milan must do the rest.
"I hear from Rossoneri sources that they are preparing a second offer, but I hope it's not too late. If I'm perfectly honest, £12.5million for the first-choice centre-forward in the Selecao is a bit cheap.
"Luis Fabiano is proud of Milan's interest, as they are one of the biggest clubs in the world.
"But this is precisely why we think a side of this level should not stop at such a low offer."
Adriano's agent has put some of the continent's leading clubs on high alert after suggesting the Brazil striker would consider returning to Europe.
The Brazil international is currently playing for Flamengo in his homeland after leaving Internazionale midway through the last season.
Adriano was allowed to leave Inter after a series of disciplinary problems led to him 'falling out of love' with football.
But the 27-year-old striker would consider returning to Europe at some point in the future - with Italy and AC Milan a serious option.
"Adriano feels good," said Gilmar Rinaldi. "He could head back to Italy or Spain in the future.
"He has options and I think he is open to discussions.
"Milan? We were talking about them as an option when he was at Inter. Maybe in the future he could go."
Genoa have reached agreement to sign Argentina striker Rodrigo Palacio.
Palacio, 27, has agreed a four-year contract with the Serie A side after they settled on an undisclosed fee believed to be in the region of eight million euros with Boca Juniors
He will officially join the Rossoblu should he pass a medical at the Stadio Luigi Ferraris in the coming days.
"Argentina striker Rodrigo Palacio will arrive in Genoa in the coming days," confirmed a club statement.
"An agreement has been reached for the transfer of the player."
Meanwhile, Christian Poulsen is considering leaving Juventus with his agent citing too much competition for a starting place.
The Turin club have bolstered their central midfield with the expensive captures of Diego and Felipe Melo so far this summer and Denmark international Poulsen is likely to drop further down the pecking order.
"The arrival of Felipe Melo means there are several players for one position," said agent Vincenzo Morabito.
"It is possible that the club will consider selling Poulsen.