Juventus was banned out of next season's Europa Conference League on Friday for violating financial fair play regulations, according to UEFA.
The Italian conglomerates were also fined 20 million euros ($22 million), half of which was suspended.
"Juventus infringed against UEFA's regulatory framework..."It was decided to exclude Juventus from the UEFA men's club competition in 2023/24," UEFA said in a statement.
The 10-million-euro additional penalties will be imposed only if the financial years 2023, 2024, and 2025 fail to achieve their accounting criteria, according to European football's regulatory body.
In a statement, Juventus stated that they accepted the verdict and would not appeal the fine.
"Juventus, while continuing to consider the alleged violations insubstantial and its actions correct, has declared its acceptance of the decision," the club said.
They emphasized, however, that this did not "constitute admission of any liability against itself."
"We regret the UEFA Club Financial Control Body's decisions," said Juventus president Gianluco Ferrero, adding that the club wished "to put an end to a period of uncertainty."
The "uncertainty about a possible participation in the 2024/2025 Champions League season," according to Ferrero, could weigh on an appeal procedure.