Parma have announced they have sold the sporting rights of Italian striker Sebastian Giovinco to his former club Juventus for an undisclosed fee. The Italy international was part-owned by Juve and had been strongly linked with a return to the Turin giants this summer.
Giovinco started his career at Juventus but has spent last two years at Parma. A statement from the club read: "We have resolved in favour of Juventus the co-ownership of Sebastian Giovinco.
"After two season with Parma, in which he scored 22 league goals in 66 appearances, Giovinco returns to be a Bianconero player. Parma wishes to thank Giovinco for his contribution to the team and wishes him the best of luck with the national team and with his career."
Reports in Italy claim the Turin giants have paid €11m to acquire the full rights of Giovinco, who was also a reported target of Barcelona, Manchester City and Inter Milan this summer.
The 25-year-old had scored 15 league goals to help Parma defend their Serie A status this season. Giovinco is currently on international duty with Italy at UEFA EURO 2012.