Sky Sport Italia claim Parma have offered Jonathan Biabiany to Juventus as part of an exchange for Simone Pepe.
The deal would see Pepe and cash go to the Stadio Tardini side, while Milan and Premier League transfer target Biabiany heads to Turin.
It would be a favourable agreement, as Pepe has barely played for the last two years due to a persistent thigh injury.
Pepe turns 31 on Saturday and is on the last year of his Juventus contract.
It is not clear how much the cash sum would be for Parma, but Biabiany is valued at approximately €9m and wanted by numerous clubs, including Milan, West Ham and Tottenham.