I doubt that Eol's spirit is in the blade. The blade said-
Quote:
..that so I may forget the blood of Beleg my master, and the blood of Brandir slain unjustly..
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That doesn't sound like something Eol would say. I can't imagine him calling Beleg "master" and I certainly don't think he would be the one to chide Turin for slaying someone "unjustly".