The Nerazzurri have been hard at work this summer, and two former players of Roberto Mancini look set to rejoin their coach from the 2013-14 season.
Sky Sport Italia report that Melo will move to Inter for a fee of €3.5 million plus add-ons, whilst Tuttomercatoweb.com say that Telles will arrive on loan with an option to buy.
The 32-year-old aforementioned midfielder has already represented both Juventus and Fiorentina in Serie A, as well as playing under the current Inter coach Mancini in Turkey.
The latter – Alex Telles – who plays at left-back, would be leaving the Turkish side after just a year and a half spent there, having signed back in January 2014 from Gremio.
The two Brazilians could join the likes of Stevan Jovetic and more recently Ivan Perisic in a frantic summer transfer haul by the Milan-based club.