Arsenal target Stevan Jovetic signs a new deal

Fiorentina's Stevan Jovetic has signed a three-year contract extension with the Italian club.

The Montenegro international had been linked with a move to Arsenal but the new deal would appear to have ended Arsene Wenger's hopes of signing him.

The contract extension will keep the 21-year-old, who can play as a winger or a striker, at Fiorentina until June 2016.

An official statement from Fiorentina read: "It is with great satisfaction from both sides that ACF Fiorentina announces that it has agreed a new contract with Stevan Jovetic which will run until June 30, 2016."

Jovetic is Fiorentina's top scorer this season with five goals from nine league games.

He joined Fiorentina from Partizan Belgrade in 2008.