And according to Italian news media outfit, the Bianconeri had refused the offer back in November, but opted for Aaron Ramsey who signed a pre-contract agreement for next summer.
The impasse has enabled the 28-year-old to negotiate a pre-contract agreement with foreign clubs since January 1. During his stay at the Emirates Stadium, Ramsey has won three FA Cups and two FA Community Shield titles.
Ramsey published a statement on Twitter thanking Arsenal's "loyal and supportive" fans.
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Juve, however, had always been the favourites for Ramsey's signature despite a host of other top European clubs, including Barcelona, Real Madrid, Paris Saint-Germain and Bayern Munich, being linked.
"You welcomed me as a teenager and have been there for me through all the highs and lows I have encountered during my time at the club", he said. He will be reunited with former Arsenal goalkeeper Wojciech Szczesny when he joins the Old Lady in the summer, but will first look to see out his Arsenal contract in style.
Ramsey will become the third Welshman to play for Juve, following in the footsteps of Ian Rush - who spent just one season in Italy - and John Charles, who spent five years with the club in the 1950s and 60s.
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"Everyone at Arsenal Football Club wishes Aaron Ramsey a happy and successful future", the London club said in a statement.
That will leave him behind Cristiano Ronaldo, but still the highest-paid British player of all time.
Ramsey began his career at Cardiff City, making his his first team debut in 2007 before arriving at Arsenal in July 2008.
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That's not my style and that's not what I'm with and I don't support that, however I've been taking a lot of s*** today. I want to say thank you very much'. "I had like, three songs that I was for sure having - you know how it was".