UEFA has taken disciplinary actions against both Juventus and Chelsea for breaching Financial Fair Play (FFP) rules.

Juventus has been expelled from this season's Europa Conference League and fined £17.14m.

However, they will only need to pay half of the fine if they comply with financial regulations over the next three years.

Similarly, Chelsea has been fined £8.57m for breaching FFP rules due to "submitting incomplete financial information."

The fine is related to transactions that occurred between 2012 and 2019. Chelsea has already agreed to pay the settlement figure.

Notably, Chelsea's significant spending on new players, totaling around £600m for 19 signings since Todd Boehly assumed ownership in May 2022, is not the reason behind their fine.

The financial breach pertains to a seven-year period when Roman Abramovich was in control of the club.

Uefa said: “Following the club’s sale in May 2022, the new ownership identified, and proactively reported to Uefa, instances of potentially incomplete financial reporting under the club’s previous ownership.”

The Italian Football Federation (FIGC) must now notify Uefa of which club will replace Juve in the third-tier European competition.

It is likely to be Fiorentina, who were beaten by West Ham in last year’s final after they finished eighth in Serie A.

The case against Juventus follows a 718,000 euro (£620,000) fine as part of a settlement agreement with Italian football authorities over a case concerning the payment of player salaries.

Juventus had also been docked 10 Serie A points last season following a hearing into the club’s past transfer dealings.

They were initially handed a 15-point penalty in January but Italy’s highest sporting court overturned that decision in April and ordered the case to be re-examined.

They would have finished fourth and qualified for next season’s Champions League had they not been sanctioned.

In response to the charge, Juventus said they accept Uefa’s decision and will not be lodging an appeal.

Club president Gianluca Ferrero said: “We regret the decision of the Uefa. 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

“Lodging an appeal, possibly to other levels of judgement, with uncertain outcomes and timing, would increase the uncertainty with respect to our eventual participation in the 2024/25 Uefa Champions League.”