Juventus have confirmed they intend to appeal against their 15-point deduction as they consider it "a clear injustice towards millions of fans".
The Italian Football Federation (FIGC) confirmed the punishment on Friday following an investigation into the 36-time Italian champions' past transfer dealings.
Juve have slipped from third in Serie A to 10th and are 12 points off the Champions League places with 20 matches left to play.
The FIGC also hit the club's former president Andrea Agnelli and former chief executive Maurizio Arrivabene with two-year bans from Italian football.
Former sporting director Fabio Paratici, who is now at Tottenham, has been given a 30-month ban.
However, the Bianconeri have always denied any wrongdoing and hope the sanctions will be overturned on appeal.
A statement by the club's lawyers read: "Today's acceptance of the appeal for revocation by the Federal Court of Appeal seems to us to constitute a clear unequal treatment to the detriment of Juventus and its managers compared to any other club or registered player.
"We are waiting to carefully read the reasons for presenting the appeal before the Sports Guarantee College. However, we point out, as of now, that only Juventus and its managers are attributed the violation of a rule, which the sports justice itself had repeatedly recognised did not exist.
"We believe that this is a clear injustice also towards millions of fans, which we trust will soon be remedied in the next level of judgement."
Turin Public Prosecutor's Office had been seeking a nine-point deduction following a hearing earlier on Friday.
But the FIGC announced a harsher punishment after Juve were found to have used transfers to artificially boost their balance sheet.
The sanctions come on the back of chairman Agnelli and the rest of the Bianconeri's board resigning en masse last year.
That came in the wake of an investigation being launched into financial violations during their time in charge.
A separate ruling made last year acquitted Juve and other clubs of their financial conduct within Serie A, with a case centred on player values in exchanges and transfers.
But football prosecutors reopened the case against Juve after seeking new documents collected by public prosecutors in Turin surrounding the club's conduct.