Giovinco was part-owned by Juve and Parma and the latter now sold the remaining portion of his sporting rights.
"In the deal, Juventus will pay Parma for the next three seasons a total of
The 25-year-old had scored 15 league goals to help Parma defend its Serie A status this season.
Giovinco, who started his career at Juve, was also a reported target of
Juventus has agreed to buy the remaining half of midfielder Kwadwo Asamoah's registration from Serie A rivals Udinese for $12.9 million.