Juventus board announce £70M transfer warchest

Juventus explained in a statement: “Our development plan has as its objective the achievement of levels of sporting excellence tied to the quality of the squad and its technical staff.

“This is to guarantee competitiveness in the top flight and at international level, reinforcing every area of the squad and assuring stability within the staff.”

Alessandro Del Piero, who acted as spokesman for the team, said: “We wish to thank the ‘family’, as it was an important gesture for those of us who decided to stay on during this difficult year.”