Juventus have announced on their official website that they have sold young attacker Ciro Immobile to Genoa for a fee of €8 million to be paid in instalments over the next three years.
At the same time, the Turin side have re-purchased 50 per cent of the player's economical rights for €4m to be paid over three years.
Genoa were keen to add some more depth to their attack after having already signed Alberto Gilardino from Fiorentina, and head coach Pasquale Marino has now got the extra striker he had set his sights on.
Immobile is a product of the Juventus youth academy, and spent the first half of the 2011-12 campaign on loan at Pescara.
However, the Bianconeri terminated his successful loan spell on Monday in order to sell the 21-year-old to Genoa.
With the January window coming to a close on Tuesday, Goal.com is your address for all the latest activity on the transfer market. Stay up to date with what's happening in all the big leagues in our all-day LIVE! for the climax of the transfer window, and read up on what else we have to offer here!