Boca Juniors have officially announced the signing of Argentina international Carlos Tevez.
Boca announced the deal during Argentina's Copa America quarterfinal penalty shootout victory against Colombia, in which Tevez scored the winning spot kick.
Paris Saint-Germain, Liverpool and Atletico Madrid had also been rumoured to be interested in acquiring Tevez's services but Boca have won the race for his signature.
#TevezVuelveACasa Ya es una realidad. Es oficial: Carlos Tevez (@carlitos3210) vuelve a #Boca. pic.twitter.com/5XHC79yBbF
- Boca Jrs. Oficial (@BocaJrsOficial) June 27, 2015
"It is a day of joy and great satisfaction," Boca president Daniel Angelici told the club's official Facebook page.
"The return of Carlos Tevez in an extraordinary moment of his career is fantastic news for all partners and supporters of Boca and Argentine football.
"The presence of Carlos will give another leap in quality to the great squad we have."
No details of the agreement have been revealed, however Angelici said earlier on Friday the deal would not cost Boca "not even one euro" as the club would be covering his remaining value with a percentage of young players.
"They [Juventus] put a value similar to amortization of the balance due and we covered that by giving them some players and the promise of younger players and we are looking into equalising the rest of the contract that way."
Tevez joined Boca as a youth in 1997 before agreeing a move to Brazilian side Corinthians in December 2004, and then on to Premier League clubs West Ham, Manchester United and Manchester City before signing for Juve in 2013 for £12 million. Tevez scored 19 and 20 goals in his two seasons in Serie A and helped Juventus to two Serie A titles and one Coppa Italia.
He has always spoken of a desire to return to the Buenos Aires-based club while still capable of performing at a high level.
The 31-year-old's current remaining contract with the Bianconeri is estimated to be worth €5 million. Boca hope to present him July 6 or 7.
"Everything I do, I do for the good of the club. I am the same person as when I was club treasurer, I know the club finances. I am not going to go crazy. When I go after a player, I am strong and I am convinced. You are all going to see because it will be public. We have had a solid administration over the past three years, we are going to close out with 63 million [Argentine pesos] in profit," Angelici said.
"We always said that if Carlos won titles in Italy, Juve would not put up obstacles, so we are very grateful for his return to Argentina.
Information from Press Association was used in this report.