But the club's long-term future remains uncertain as Italian media speculate over a likely bid for the club.

Fiorentina are being run by an administrator and face a bankruptcy court hearing on September 15 after which they could be sold to a new owner.

Italian media reported on Friday that the League had agreed to guarentee the payment of tax debts Fiorentina owe.

The Florence club have sold Portuguese midfielder Rui Costa to AC Milan and Italy goalkeeper Francesco Toldo to Inter for a combined fee of around $60 million. That figure would just cover the $59.05 million debt a board member said the club owed when proceedings were filed last June.

'We have agreed to carry out a common line and we are looking for a way to guarantee the financial commitments Milan and Inter have undertaken with Fiorentina,' League official Francesco Ghirelli told the daily Gazzetta dello Sport on Friday.

In practice that is likely to mean that Milan and Inter will pay their transfer fees to the Football League who will then handle the debt repayment.

While the deal will help Fiorentina through a series of meetings with authorities in the coming weeks, the longer-term future of the club is less certain.

The Florence club are currently owned by international film and media mogul Vittorio Cecchi Gori, 62, who produced the Oscar-winning Italian film 'Life Is Beautiful.'

But Cecchi Gori, who has been club president since taking over from from his late father Mario in 1993, is under pressure to sell the club, particularly from fans who have turned against him.

As well as the debts facing Fiorentina, Cecchi Gori's business empire faces numerous problems and in July police raided his home in Rome as part of an investigation into his affairs.

While Cecchi Gori is confident he can solve his business worries and has stated his desire to continue his ownership of the club, Italian media have speculated over a number of possible buyers.

Several consortiums of Italian businessmen have been linked with the club and the latest figure to have shown an interest in a possible role is local businessman Alessandro Fratini.

Some reports have suggested a consortium of businessmen from the United Arab Emirates could be ready to make a bid for the club but on Friday the United Arab Emirate's daily newspaper Al-Bayan quoted 'official sources' as denying a report that Dubai ruler Sheikh Maktoum bin Rashid al-Maktoum planned to purchase the club.