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The investigation into the club’s prior transfer deals led to a 15-point deduction for Juventus, according to the Italian football federation (FIGC).
The Serie A powerhouses were charged with manipulating their financial statements to make fictitious benefits from club transfers.
Juventus was in third place prior to the penalty, which will move them down to tenth.
Former club president Andrea Agnelli and vice-president Pavel Nedved both resigned from the board of directors in November.
Juventus has said they will appeal the ruling and denied doing anything wrong.
In a statement, the club said they “await the publication of the reasons of the decision” but have started bringing an appeal to the Sport Guarantee Board of the Italian Olympic Committee (CONI).
The FIGC’s penalty is more severe than the nine points that the prosecutors had asked for.