Juventus have wrapped up the signing of Brazil international midfielder Felipe Melo from Fiorentina, with Marco Marchionni moving in the opposite direction.
Melo, 25, has signed a five-year contract with Juve, with the deal worth just over £21million in total.
He had only been with the Florence club for one season, having previously impressed in Spain with Almeria.
Melo told his new club's official website: "I am very happy to be at Juventus and can't wait to get started.
"I believe in this team, which has grown in strength and can challenge everyone for all trophies in Italy and Europe."
Meanwhile, Marchionni has penned a three-year contract at Artemio Franchi.
"Fiorentina was always my first choice," said Marchionni, who made 27 appearances for Juve last season.
Sevilla president Jose Maria Del Nido has claimed that the club have received no formal offers for Luis Fabiano.
AC Milan have been strongly linked with a swoop for the Brazil international, but the La Liga club have insisted that the Rossoneri cannot afford to prise him away from Spain.
"We do not have a formal offer for Luis Fabiano," said Del Nido.
"The offer presented by AC Milan was withdrawn as the Italian club currently does not have the money to sign Luis Fabiano.
"Fabiano will join us in pre-season training on July 21. I believe he will continue with us for two further seasons."
Elsewhere, Livorno have completed the signing of former striker Cristiano Lucarelli.
The 33-year-old frontman has returned to the Stadio Armando Picchi following brief spells with Shakhtar Donetsk and Parma.
Lucarelli spent last season in Serie B where he helped Parma secure promotion back to the top-flight.
The former Italy international scored 92 goals in 146 appearances during his first spell with the Amaranto.