The Serie A champions have exercised their option to sign the Argentina international on a permanent basis from Udinese.
Juventus have announced they have completed the signing of Roberto Pereyra from Udinese after the versatile midfielder spent 2014-15 in Turin on an initial one-year loan.
The former Udinese midfielder also featured in Juve's 3-1 loss to Barcelona in the Champions League final.
Pereyra - currently on international duty with Argentina at the Copa America - has penned a contract with Juventus until June 30, 2019.
Juve will pay €14 million for the 24-year-old over the next three years, though the sum could rise by a further €1.5m based on performance targets.
Pereyra earned a permanent deal after making 52 appearances in all competitions as Juve won the Serie A title and Coppa Italia last season.
He started his professional career with River Plate before making the move to Europe in 2011.
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