The 20-year-old, who made his international debut for Italy against England last week, has subsequently joined Bologna on loan for the 2012/13 season.
A statement on Juventus's official website read: "Juventus and Atalanta have agreed to a co-ownership deal that will see I Bianconeri loan Gabbiadini to Bologna until 30 June 2013."
As part of the deal, La Vecchia Signora have allowed Australian midfielder James Troisi, 24, to represent Atalanta for the coming season in a similar co-ownership arrangement.
Troisi passed a medical with Juventus yesterday to complete his transfer from Turkish club Kayserispor.
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