Real Madrid have confirmed the signing of Italy World Cup-winning captain Fabio Cannavaro and Brazil midfielder Emerson from Juventus.
The duo, who have signed a two-year deal with a further one-year option, are the first players to leave Juventus since it was announced the club would be relegated for their part in the Italian match-fixing scandal.
Spanish radio said the deal was worth a combined £13.7m.
Juventus were relegated from Serie A last week after the match-fixing scandal which has engulfed Italian football in recent months.
They will start the 2006/07 campaign in Serie B with a 30-point deduction.
Real, under new coach Fabio Capello, are looking to rebuild after three years without a trophy and the pair are the first arrivals at Madrid since he took over.
A statement on the club’s website said: “Real Madrid can confirm it has reached an agreement with Juventus over the signing of Fabio Cannavaro and Emerson.
“The agreement was finalised this Wednesday evening in Turin by sporting director Predrag Mijatovic.
“The players are currently on holiday and will be presented at the Bernabeu after signing their respective contracts.”