A statement on the club's official website read: "Fiorentina sporting director Pantaleo Corvino, in denying the transfer rumours of the past few hours, which sees Felipe Melo definitely at other clubs and reporting potential meetings to finalise the transfer of the player, underlines the following:
"In case the footballer has already reached an agreement with any club, the release clause fixed with the player himself is €25million. We would not contemplate any exchange, unless it is to the liking of Fiorentina.
"Arsenal is the only club to have come close to the sum established by the release clause.
"Fiorentina in turn proposed to the aforementioned club a reduction in the amount set by the release clause by including right-back (Emmanuel) Eboue in the deal."