The 34-year-old joined Juventus on a two-year contract from Barcelona last June and made 33 appearances as the club sealed the domestic double but fell to Real Madrid in the Champions League final.
"Juventus Football Club is to part company with Dani Alves after agreeing to a termination of the player's contract," said Juventus in a statement. "Alves lifted two trophies in his single season in Turin, contributing to a third consecutive domestic league and cup double for the club before helping the team reach the UEFA Champions League final."
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Media reports in Italy and England have linked Alves with a move to Premier League side City for a reunion with manager Pep Guardiola, who he worked under at Barcelona.
Fullbacks Gael Clichy, Pablo Zabaleta and Bacary Sagna all left City at the end of last season.
Alves may not provide Guardiola with the long-term solution he is looking for in the right-back department and the Citizens have also been linked with Arsenal’s Hector Bellerin and Tottenham’s Kyle Walker.
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