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However, the Serie A side may decide to sign the Colombia international on a permanent basis, according to the Evening Standard.
Cuadrado was plying his trade in Italy for Fiorentina just six months ago before joining the Stamford Bridge club for an initial £23.3million. The fee could eventually rise to £26.8million.
However, the South American failed to make an impact in the Premier League, making just fifteen appearances and he was subsequently sent back to Italy on a season-long loan with Juve.
In contrast, he has made an encouraging start at the Turin club, putting in an impressive performance against Manchester City in the Champions League.
Juventus then claimed their first league victory last weekend with a 2-0 win against Genoa, in which Cuadrado proved a constant menace for the opposition defence.
There are reports the Old Lady have an option to buy Cuadrado at the end of the season which could be used as leverage to sign Paul Pogba.
The 22-year-old was heavily linked with a move away from Turin in the summer, with Barcelona seeing a bid of around 70 million euros rejected.
Juventus have previously insisted the former Manchester United player is not for sale and are desperate to keep hold of him.
Two of the three midfielders who starred in the Champions League final defeat to Barcelona have already departed the club; Arturo Vidal has joined Bayern Munich whilst Andrea Pirlo is now at New York City.
Written by Jack Wynne – @JackRobertWynne