Juventus have been removed from European competition next season after breaching financial rules.

The expulsion of Juventus from the third-tier Europa Conference League was expected because of a false accounting case that had already resulted in the two-time European champions being deducted 10 points in Serie A.

That penalty dropped Juventus out of the Champions League qualification places.

Juventus’ spot in the Europa Conference League should go to Fiorentina in the playoffs round starting on August 24.

UEFA said on Friday that Juventus must also pay a fine of 10 million euros ($A16.5m) for breaking Financial Fair Play rules.

A further 10 million euros can be deducted if the club fails to comply with UEFA financial monitoring rules in future seasons.

Juventus regretted the ruling but said it wouldn’t appeal.

“We regret the decision of the UEFA Club Financial Control Body,” Juventus president Gianluca Ferrero said in a statement on the club’s website.

‘The fields, not the courts’

“We do not share the interpretation that has been given of our defence and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments.

“However, we have decided not to appeal this judgment. Despite this painful decision, we can now face the new season by focusing on the field and not on the courts.”

In a separate case, Chelsea will also pay a settlement of 10 million euros to UEFA for incorrect financial information submitted between 2012 and 2019 when the club was owned by Russian oligarch Roman Abramovich.

Chelsea’s current American-led ownership group reported “potentially incomplete financial reporting under the club’s previous ownership” in May last year, UEFA said.

Chelsea, who won the Champions League in 2012 and 2021, did not qualify for the next editions of European competitions.

-AAP