Melo has signed a five-year contract with Juventus

Arsenal have lost out in their bid to sign Felipe Melo from Fiorentina, with the Brazil midfielder opting to sign for Juventus instead.

Juventus have paid 20.5m euros (£17.6m), plus winger Marco Marchionni.

"I believe a lot in this side. It has been reinforced and can rival any team," said the 26-year-old Melo.

Fiorentina had said they would be interested in selling Melo to Arsenal if they received full-back Emmanuel Eboue in return.

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