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.
Salah's contract 'up to him and the club', says Slot
Arne Slot has asserted Mohamed Salah’s future is “up to him and the club”.
The Liverpool star has yet to make a decision on whether to renew his contract, and as it stands, will be leaving Anfield at the end of the season.
Salah remains a key player for the Reds, and leads the club for Premier League goals (seven) and assists (five) this term.
He scored the winner in the 72nd minute to complete Liverpool’s comeback against Brighton in the Premier League on Saturday, as they moved to the top of the table.
And despite the question marks over Salah's future, Slot is not concerned.
"[His future] is not what I think about. The only thing I think about is he is so important for us. Scores important goals, works hard for the team," the Liverpool boss told TNT Sports.
"I’m hoping he can enjoy that feeling many, many, many more times. Especially if I’m here but also if I’m not here. I’m hoping he can do this many more times.
"He’s been incredible for Liverpool over the past eight years. He’s been incredible for us this season and I hope he can continue doing this for the rest of the season and maybe longer to come, but that’s up to him and the club to find the idea about the future."
Salah could be in for a historic night on Tuesday when Liverpool face Bayer Leverkusen, having scored in each of his last five Champions League appearances at Anfield.
The last player to score in six consecutive home games in the competition for an English club was Ruud van Nistelrooy for Manchester United in April 2003.
Salah sparked renewed talk over his future after posting on Instagram on Sunday, saying that the feeling of scoring at Anfield would remain unforgettable “no matter what happens.”
But Slot was keen to quash any deeper meaning in the post.
"I haven’t spoken to him about that. You interpreted it in a way that maybe other people don’t," he told the press.
"I don’t look at Instagram posts of my players, I only talk to them which you can’t, which is the advantage I have.
"Mo is in a very good place at the moment. As long as he has been at Liverpool, he has been in a very good place, but this season again as well. I am hoping he will make a post after tomorrow and on Saturday again. What he said with that, that is not important.
"For me what is important is how he plays and what he tells me when we have conversations. That is what matters and not how you guys interpret one of his posts."
Neymar suffers fresh injury blow
Neymar sustained a new injury as he was forced off during Al-Hilal's AFC Champions League Elite win over Esteghlal.
Aleksandar Mitrovic plundered a hat-trick on Monday to seal a 3-0 win.
But Al-Hilal's victory was soured by an injury to Neymar, who had to make way just 29 minutes after he came on as a second-half substitute.
The Brazilian, who has just returned from over a year out of action following a serious knee injury, was forced off with what appeared to be a thigh issue.
Indeed, Monday's appearance was only the 32-year-old's second for Al-Hilal since his comeback.
He has featured just seven times for the Saudi Pro League champions in all competitions since his big-money move from Paris Saint-Germain in 2023.
Juve must play at their limits against in-form Lille, warns Motta
Thiago Motta stressed the importance of Juventus playing at their very best when they face Lille in the Champions League on Tuesday.
Juve face a tough task against a side who have already upset Real Madrid and Atletico Madrid in this season's competition.
This will be the first ever meeting between these teams.
However, Juve have lost three of their last four Champions League matches against French opponents (W1), including both against Paris Saint-Germain in the 2022-23 campaign. and Motta warned against any complacency.
"All matches are important. We, as Juventus, always want to win. The most important thing is always trying to improve," Motta told reporters on Monday.
"Lille are very confident, and we want to face them in optimal condition. We aim to give more than our maximum.
"There are no favourites in a match. It's a beautiful game, in a beautiful stadium, and we hope the pitch will be in good condition tomorrow. We can only talk tomorrow about who played better."
Motta will have midfielder Douglas Luiz from injury, but is still without a glut of players.
"He's [Luiz] one more player who can help the team. We’ll be missing Arek [Arkadiusz Milik], Gleison [Bremer] and [Nicolas Gonzalez]."
Lille boss Bruno Genesio knows Juve will present a stern test for his team, despite their shock wins over the Madrid clubs this term.
"Every Champions League match is different, but there is one essential parameter to get a result - commitment," he said.
"Like all Italian teams, Juventus are very well organised, very difficult to play against. Having already achieved two big results in this competition, we are going to give it our all again and we have our fans who will give us strength."
Jonathan David will be one of the standout Lille players Juve have to keep a close eye on.
The Canada international has scored six goals in his last eight Champions League appearances for Lille.
Lille have won all five games he has scored in but have not won any of the six games he has featured in without scoring (D2 L4).
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