The 'Atomic Ant' received offers from four clubs during the January transfer window, but he will certainly depart Turin in June.
The 27-year-old has fallen way down the pecking order in Turin, behind first-choice strike duo Carlos Tevez and Fernando Llorente - as well as new loan arrival Pablo Osvaldo.
Giovinco will be sold in June as coach Antonio Conte prepares to switch to a 4-3-3 formation next term by launching moves for Fiorentina's Juan Cuadrado and Torino's Alessio Cerci.
The Bianconeri unsuccessfully attempted to offload at least one of their surplus strikers - Mirko Vucinic, Fabio Quagliarella and Giovinco - during the January transfer window, and the latter received offers from four clubs.
Torino presented an official loan bid, but Juventus was only willing to do business on a permanent deal. Granata coach Giampiero Ventura is a huge admirer of Giovinco and the club is likely to table a new offer in the summer.
Ventura believes the forward will be the perfect replacement for Cerci, who is almost certain to join a big club in June, and the two Italy internationals could be involved in a potential swap deal.
Giovinco also rejected January proposals from Genoa, Bologna and Lazio. The capital club launched a late move after its failure to sign Quagliarella, who has since been frozen out of the setup in Turin.
The pint-sized Giovinco has been at Juventus since he was nine and grew up in the club's youth academy along with teammate Claudio Marchisio. He has scored 17 goals in 104 appearances for Juve since debuting in 2006 but has failed to live up to his early billing as a potential superstar.