The Serb’s signing puts an end to his frustrating time in Spain, where he spent three seasons.
Jovic joined Real Madrid in a £62million move from Eintracht Frankfurt but failed to make his mark at the Santiago Bernabeu, scoring just three goals in 51 appearances.
After completing his signing, Fiorentina took to their official social media pages on Friday evening to announce the signing of Jovic ahead of the 2022-2023 campaign.
Real Madrid also released a statement that read: “Real Madrid C. F. and ACF Fiorentina have agreed on a deal for the transfer of Luka Jovic.
“Our club would like to express its gratitude for his work and dedication during his time at Real Madrid, where he has won 1 Champions League, 2 La Liga titles, and 2 Spanish Super Cups.”
The statement went on to add: “Real Madrid wishes him [Jovic] and his family all the best in this new period of his life.”
The Serie A side agreed to sign Jovic on a permanent deal after Real Madrid decided to cut their losses with the 24-year-old.
The two clubs discussed a potential loan deal for the striker, but Los Blancos were eager to move on from Jovic and subsequently negotiated a 50% sell-on clause instead.
Jovic is expected to fit straight into La Viola’s starting XI ahead of Arthur Cabral – with fans eager to see what their new signing can do.