The former Juve midfielder and director is in advanced talks to become new chief exec of Al-Shabab.
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Nedved was vice-president of Juve between 2015 and 2022 before leaving with president Andrea Agnelli as part of the board's restructure.
At Al-Shabab, Nedved will work closely, says TMW, with incoming coach Fatih Terim.
The Turkish great will replace Vitor Pereira, after he left the Saudi Pro League club for Wolves last week.