Juventus are reported to be planning to spend around €70m on the transfer market this summer.

Reports claimed that the club’s board of directors agreed to pump €120m into the giants who struggled last season, failing to earn a place in European football.

The increase in capital was needed to offset losses of around €60m after the club again failed to qualify for the Champions League.

It’s unclear how much of the fresh funds will be given to director general Beppe Marotta to conduct this summer’s transfer moves, but speculation suggests it could be around €70m.