What happened: Juventus have signed a three-year settlement agreement with UEFA's Club Financial Control Body after breaching football-earnings limits across the 2023-2025 reporting period, carrying a total fine of €20 million. Only €6 million is unconditional, with the remaining €14 million suspended if the club meets its targets. Fiorentina were ordered to pay €6 million for exceeding the permitted squad-cost-to-revenue ratio.

Why it matters: The ruling tightens the financial guardrails on two of Italy's most prominent clubs as they plan their summer rebuilds. Juventus face possible restrictions on registering new players in their UEFA squad lists, and even exclusion from European competition, if intermediate targets are missed over the settlement window. That hangs over every transfer decision Turin makes until the club returns within the parameters.

What to watch: Watch whether Juventus' settlement constraints throttle their summer recruitment and how aggressively the conditional €14 million shapes their roster and registration plans for the 2026 campaign.