The Colombia international has been on loan in Turin from the London club, winning two successive league titles while in Italy, with the club now deciding to make his stay permanent.
“Juventus announces that, following the meeting of the conditions provided by the contract, its obligation to definitively acquire the registration rights of Juan Cuadrado from Chelsea became due,” a statement on the Old Lady’s website confirms.
“The permanent transfer fee of €20 million is to be paid in three annual instalments starting from the 2017/2018 financial year.
“The 28-year-old forward has signed a contract that ties him to the Bianconeri until 30 June 2020.”
Cuadrado, who has made 11 Champions League appearances so far this season, will hope to feature for the Bianconeri ahead of their European Cup final date with Real Madrid on 3 June.