Cristiano Ronaldo and his team-mates, along with manager Maurizio Sarri, have agreed to a reduction in pay "equal to the monthly payments of March, April, May and June 2020", the club said in a statement.

The agreement is set to be worth around 90 million euros ($A163 million) to the club.

Soccer around the world has been brought to a standstill by the pandemic and Italy's top-fight Serie A has been suspended since March 9. It remains to be seen whether the season will be finished.

If the remaining games are rescheduled, Juventus said they would negotiate increases in pay for the squad

Italy has seen the highest number of deaths in any country from the virus so far.

Three players at Juventus previously tested positive for the virus, which include forwar Paulo Dybala, defender Daniele Rugani and midfielder Blaise Matuidi.

The likes of Barcelona and Atletico Madrid in Spain have already announced plans for temporary wage cuts for their players.

Australian Associated Press