Brescia midfielder Omar El Kaddouri has welcomed reports linking him with a move to Arsenal.
Serie A side Parma have signed Colombian attacking midfielder Dorlan Pabon from Atletico Nacional for a fee in the region of €4 million.
Juventus have confirmed that Sebastian Giovinco will return to the club next season.
Parma president Tommaso Ghirardi believes striker Sebastian Giovinco is worth at least €40 million.
Parma forward Sebastian Giovinco will make a decision on his future after Euro 2012.
Manchester City are one of a number of clubs to have made enquiries over Parma striker Sebastian Giovinco, according to his agent Claudio Pasqualin.
Zenit St Petersburg have not yet tabled a bid for Parma striker Sebastian Giovinco, according to the player's agent.
AC Milan and Juventus played out an entertaining 1-1 draw on Saturday night, while Genoa and Parma drew 2-2.
Parma coach Roberto Donadoni has outlined his plans to make the club a breeding ground for young players, with the renowned Ajax academy his inspiration.
Hernan Crespo has confirmed that his contract at Parma has been terminated but says he is yet to accept an invitation to play in the new Indian league.