Melo, who arrived in Florence from Spanish side Almeria last summer in a €8.1 million transfer, is a target of the Gunners.

“(Arsenal manager Arsene) Wenger wants to talk to me,” said Fiorentina sporting director Pantaleo Corvino. “I have no objection also because Eboue seems a valid swap.”

Brazilian Melo (25) has signed a one-year contract extension with Fiorentina that includes a €25 million release clause. He is contracted to Fiorentina until 2013 and is also a target of Juventus.

“In order for that (Melo to go to Juve) to happen, there needs to be a payment of €25 million as stipulated in his release clause,” said Corvino. “No club has made such an offer and there are no meetings arranged in the near future.”

Read more here at The Irish Times

It has been suggested that the Gunners would cash in on Emmanuel Adebayor to help fund squad strengthening, but Wenger claims there will be no repeat of last summer when Mathieu Flamini and Alex Hleb both left the club.

“We lost Hleb and Flamini last summer and we have had to rebuild,” said Wenger. “But we have done that now and the future looks bright. We don’t want to have to rebuild again, so I want to keep all the players together for next season. I don’t want to lose anyone.

“I want to add to the squad and have identified one or two targets. But identifying players and buying them are two different things.”

Read the rest here at soccernet