The Gunners made several bids for Vlahovic throughout January whilst Fiorentina were keen on selling.
They initially opened talks with an offer of around £50million, which was later rejected.
Arsenal were also keen on using Lucas Torreira in the deal, swapping his loan move for a permanent transfer to the Italian side.
According to Torreira's agent, Pablo Bentancur, the Gunners are furious about the situation.
When speaking to Sport890, he said: "Now, Arsenal are a bit angry because they wanted Vlahovic.
"Fiorentina wanted to sell him, but the agents said he had to go to Juventus - you always do what the player wants."
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