Parma appeal rejected
Parma are set to lose their Europa League place after their appeal for a UEFA licence was rejected on Thursday.
The High Court upheld the ruling of the Italian Football Association (FIGC) not to grant Parma a licence due to tax problems.
FC Torino look set to benefit after finishing 7th, taking Parma's place in the Europa League third qualifying round.
Parma could take the matter to the Court of Arbitration for Sport.
Roberto Donadoni's men had been celebrating being back in Europe for the first time since 2007 after beating Livorno on the final day and seeing FC Torino miss a late penalty to draw at Fiorentina.