OFFICIALLY OFFICIAL: Juventus buys Andrea Favilli back from Ascoli

Andrea Favilli has traded in one set of black and white stripes for another.

The 21-year-old Italian striker, who was off to an impressive start to the 2017-18 season in Serie B before suffering a serious knee injury, is back where he spent the 2015-16 campaign on loan. Juventus have re-acquired the big striker in a deal with second division outfit Acoli being completed on Friday after Favilli underwent medical exams 24 hours earlier.

The official details of the deal, courtesy of juventus.com:

Turin, 15 June 2018 - Juventus Football Club S.p.A. announces that the agreement with Ascoli Picchio F.C. S.p.A. for the definitive acquisition of the registration rights of the player Andrea Favilli has been finalized for a consideration of € 7.5 million payable in two financial years. The purchase value may increase of maximum € 1.25 million on achieving given conditions within 30 June 2021.

This acquisition will generate economic and financial effects starting from 2018/2019 sportive season. Juventus and the player have signed a 5-year contract of employment until 30 June 2023.

Favilli might have a brand new contract with Juventus, but every indication makes it seem like he will be spending the next season out on loan at the very least. The hot rumor is that Favilli will be hanging out at the Bentegodi next on loan with Chievo, which is the kind of classic relegation battler where Juve have sent a good number of their youngsters on loan the last handful of seasons.

Favilli scored eight goals in 14 appearances in all competitions (Serie B and Coppa Italia) with Ascoli last season before a knee injury in mid-November forced him to miss the rest of the campaign.