Parma have acquired half the sporting rights of Italian midfielder Sebastian Giovinco from Juventus.
Giovinco, 24, spent last season on loan at Parma from Juventus and enjoyed a solid campaign with the club.
"We officially announce to our fans that we have bought 50% of the sporting rights of Giovinco," Parma president Tommaso Ghirardi said on the club's official website. "I believe this is a great move for Parma."
The deal, worth €3 million, will be welcomed by Giovinco, who had expressed his wish to continue with Parma next term. The talented winger scored seven goals in 30 league appearances for Parma last season.