Milan: Parma have announced that Juventus have re-signed Sebastian Giovinco for an undisclosed fee.
The 25-year-old, who was co-owned by both clubs, will now return to Turin after the Serie A champions decided to purchase the remaining 50 per cent of the striker's economic rights one year after selling them for €3 million.
Juve have reportedly paid the Gialloblu €11m to regain full ownership of the player, though neither club have confirmed the financial details.
"We would like to thank Seba for the fantastic support he gave to the club and wish him the best of the luck at Euro 2012 with Italy and in the rest of his career," a statement on Parma's official website read.
Giovinco broke into Juve's first team in 2007 but was quickly loaned out to Empoli to get more games under his belt.
He returned to the Bianconeri in the summer of 2008 but failed to hold down a regular place at the club before signing for Parma in 2010, scoring 23 goals in 70 appearances for the Stadio Ennio Tardini outfit.
Earlier on Tuesday, the Italy international's agent insisted that his client would be part of Antonio Conte's squad for 2012-13.
Giovinco's signing comes on the same day that the Bianconeri purchased the remaining half of Emanuele Giaccherini's contract in a €4.25m deal.