The club confirmed the move on its official site and provided some of the financial details, including what it would take to make it a full-time switch at season's end:
Juventus Football Club can today announce that Roberto Maximiliano Pereyra has completed a move to the club after terms were agreed with Udinese on a one-season loan deal for a fee of €1.5 million.
The agreement includes the option for Juventus to make the deal permanent at the end of the 2014/15 campaign for a price of €14 million, to be paid over the course of three years.
Pereyra is coming off a campaign that has seen him tally two goals and six assists in 36 league matches for the Bianconeri. He did so while playing virtually every midfield role at some point and is also capable of playing left-back.
Juventus passed along comments from his introductory press conference, in which the 23-year-old Argentine said he won't request any certain role:
His outstanding versatility along with his experience playing in Serie A is probably what made him an attractive option for new manager Massimiliano Allegri. It also helps that there wasn't a major financial commitment right away.
James Bufton of The Highbury Clock thinks it's a steal for the Vecchia Signora:
Pereyra started his career at River Plate before moving to Udinese. He's at his most effective playing in the middle of the pitch, where he can use his vision and distribution skills to jump-start the attack.
He joins Alvaro Morata and Patrice Evra among the additions to an already strong Juventus side.
Since there's so much depth within the squad, it will likely be difficult for him to find a consistent role. But he should get his fair share of playing time in different spots, a task for which he sounds prepared.
All of the moves are being made with the Champions League in mind. Although Juventus have been dominant domestically in recent years, they were knocked out of Europe's top club competition in the group stage last season.
Pereyra is another piece to help them make a deeper run this time around.