A weekly recap of all the latest happenings in Italy, including transfer news and rumors.

Florence

We begin our trip with a Fiorentina side that has been rather busy in the last few days. The Viola have recently confirmed three important signings. First, the signing of Peruvian national Juan Manuel Vargas has finally been made official. Vargas caught the eye of many clubs around Europe with his dazzling play for Serie A minnows Catania. A move to a bigger club was inevitable, with Fiorentina eventually beating out Real Madrid for the services of the left back. Fiorentina have also strengthed their back line with another important signing, Gianluca Comotto from Torino. Comotto was captain of Toro during this past season, but injury troubles kept him out for most of the second half. And to top it off, Brazilian wiz-kid Jefferson has signed a five-year contract with the Viola, but he will likely be loaned out to a Serie B team to gain some Italian footballing experience.

Rome

After Nicola Amoruso’s move to the eternal city fell through, Lazio have picked up U-21 Argentine starlet Mauro Zarate. Zarate, who spent last season on loan at Birmingham City, is said to be playing a key role in the upcoming season for the Bioncolesti. Lazio president Claudio Lotito coined the young striker as the most important signing of the season. In addition, Lazio have picked up another young forward in 19-year-old Czech talent Libor Kozak. Meanwhile, Swiss winger Valon Behrami has reiterated his intent to leave, but has shrugged off rumors linking him to West Ham. Behrami hopes for a move to the Bundesliga.

Milan

Drama continues over Frank Lampard’s possible move to Inter. The Italian champions are hoping to make three big signings to reinforce their club and defend their title. They have apparently sent their final offer for Lampard, who is described by a source as being 60/40 in favor of a move to San Siro. Inter are also turning their attention to Roma’s Brazilian ace Mancini. Roma have lowered their initial demands from 15 million euros to 13 million. Inter initially offered 10, but are hoping that a 12 million dollar bid might satisfy the high demands of their rival club. To round up their high profile signings, Jose Mourinho is hoping to bring in Porto midfielder Ricardo Quaresma. While sources say Quaresma’s move to Inter is imminent, Porto prsesident Pinto da Costa has denied receiving any offers for the Portuguese national.

AC Milan are also still hoping to land a big summer signing, but have made a stance that they will not overpay. The Rossoneri have been chasing Premiership stars Emmanuel Adebayor and Didier Drogba. Sources say they are not out of the running just yet for either of the two. As Milan continue their search for one of Europe’s top marksmen, they deny that their star Brazilian Kaka is going anywhere, after reports surfaced that Chelsea prepared a giant 94 million euro bid for Kaka’s services.

Lecce

We end our trip down south with Lecce, who are back in Seire A after a short absence and have no intention of leaving any time soon. The southern minnows are hoping to land a prolific forward, and they have set their sights on several targets including Emiliano Bonazzoli and unsettled Fiorentina striker Daniele Cacia. Lecce will have competition for both players, with Bonazzoli being linked with a move back to Reggina, as well as Cacia being pursued by Catania. Lecce will have a tough road ahead of them after they decided to part ways with manager Giuseppe Papadopulo, who lead them to their recent promotion. They have decided to hire former Siena boss Mario Beretta.