Allegri has come back to the Turin club on a €9m (£7.7m)-a-year deal, two years after he departed following a successful first spell in charge.
The 53-year-old guided Juve to two Champions League finals, he also won four Coppa Italia trophies between 2014 and 2019 and departed that summer after a fifth straight Serie A triumph.
Allegri was understood to be the favourite to fill the vacant post at Real Madrid following Zinedine Zidane's departure, but Antonio Conte, who guided Inter Milan to the Serie A title last season, is now believed under consideration as a candidate to replace Zidane at the Bernabeu.
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