Pepe has signed a one-year loan deal with Juventus worth €2.6million, but the Old Lady have an option to sign the winger outright next summer for a feee of €7.5million.
A statement released on their official club website reads: “Juventus Football Club S.p.A communicates to have perfected their agreement with Udinese Calcio S.p.A for the acquisition on a temporary basis of the player Simone Pepe valide from July 1, 2010 for a fee of €2.6million to be paid over the course of the season.
“The contract foresees Juventus as having the option to sign the player permanently after the 2010/11 season for €7.5m payable in three instalments.”
