Bernardeschi, a versatile forward, was described by Juventus on their website (www.juventus.com) as one of Europe's "most promising attacking talents".
"A new era is about to begin in Turin and Federico Bernardeschi is set to be a key part of it," the statement said.
He is the most expensive transfer for Massimiliano Allegri's side in the close season transfer window, as they look to build a side capable of winning a record seventh successive league title.
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(Reporting by Christian Radnedge, editing by Pritha Sarkar)
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