Real Madrid has snapped up Italy's World Cup winning skipper Fabio Cannavaro as well as Brazilian midfielder Emerson from scandal-hit Juventus, the club reported on its website.
The club said its sporting director Pedja Mijatovic had been in Turin to tie up the deal which Cadena Ser radio reported was worth a combined 20 million euros.
The pair signed for two seasons with a further one-year option as they rejoined Real's former Juve coach Fabio Capello, the trio having left the Italian giants, who were relegated in the wake of the match-fixing scandal.
The Turin club were also stripped of their last two Italian league titles and penalised 30 points, while Lazio and Fiorentina were also demoted to Serie B and docked seven and 12 points respectively.
"Real Madrid can confirm it has reached an agreement with Juventus over the signing of Fabio Cannavaro and Emerson," said a Real Madrid statement.
"The players are currently on vacation and will be presented at the Bernabeu stadium after signing their respective contracts."
Juventus fear they will lose more top players in the coming weeks.
However, earlier yesterday, Italy's World Cup winning goalkeeper Gianluigi Buffon and Czech Republic midfielder Pavel Nedved both pledged to stay in Turin.
The club's talismanic striker Alessandro Del Piero had already said he does not want to leave and former Lazio star Nedved is also expected to stay.