(CNN) -- Napoli has had a two-point deduction for match-fixing overturned following a successful appeal.
The Serie A club was hit with the punishment following former goalkeeper Matteo Gianello's admission that he attempted to fix the club's game with Sampdoria in 2010.
The Italian Football Federation (FIGC) judged that Napoli were "objectively responsible" for Gianello's actions.
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The FIGC also handed out six-month bans to defenders Paolo Cannavaro and Gianluca Grava for failing to report the approach, although both have had their suspensions lifted following the ruling.
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Napoli will now pay a $67,000 fine, while Gianello has had his ban reduced from 39 months to 21.
The restoration of those two points also means Napoli are now joint second alongside Lazio in Serie A and just three points behind leaders Juventus.
A statement from the FIGC Thursday said: "The two-point penalty deduction has been annulled and Paolo Cannavaro and Gianluca Grava have been acquitted.
"Napoli will now pay a fine of 50,000 euros.
"There are acquittals for Paolo Cannavaro and Gianluca Grava, while the disqualification of Matteo Gianello has been reduced from three years and three months to one year and nine months.
"These are the decisions of the Federal Court of Justice following appeals against the judgments made by the Naples branch of the disciplinary committee on match-fixing."
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The news came as a welcome relief for defender Cannavaro, who said he head been through "hell" since the original verdict was announced on December 18.
He told the club's official website: "It's an immense feeling of joy and I'm still crying with the emotion. It was a terrible month, hell. Now this is a release.
"I was in a really bad way. I won't be able to forget what I went through this month. I thank all those who were close to me.
"I want to thank the club for all that they did, the coach and my team-mates that have consoled me every day."
Pep Guardiola has been on a year-long sabbatical in the U.S. after stepping down as Barcelona coach, but he returned to Europe in January for the Ballon d'Or when he was shortlisted for FIFA's world coach of the year award.
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Mario Balotelli was mobbed by fans outside a restaurant as he returned home to Italy to complete his $30 million move from AC Milan to Manchester City.
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Grava was also in an emotional state at a press conference following the announcement.
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"When I heard from Paolo, we both started to cry with joy. It's the end of a nightmare," the 35-year-old said.
"It seemed like a nightmare from which I could not wake up. I'm feeling great joy and I am happy that justice has been done."
Head coach Walter Mazzarri felt the club had been vindicated for their stance and heaped praise on the duo.
He said: "First of all I am very happy for Paolo and Gianluca, two exceptionally honourable lads who were victims of a great injustice.
"I'm happy with the league table. We deserved those points because we earned them on the field. It would have been another great injustice if they had been stolen."
Juventus coach Conte has ban reduced to four months
The intense fight against match-fixing and illegal betting, which is known as 'Calcioscommesse', saw Siena deducted six points before the start of the season.
Former Siena coach Antonio Conte, now in charge of Juventus, was handed a six-month ban for his failure to report attempts to fix matches in Serie B during the 2010-11 season. The ban was subsequently reduced to four months on appeal.
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When he confirmed he was to end his four-year reign as Barcelona coach, Guardiola gave an emotional press conference.
Guardiola announced his intent to quit at the end of last season just three days after the club's Champions League semifinal exit against Chelsea, drawing 2-2 at home and losing 3-2 on aggregate. He left a remarkable legacy.
He was massively popular at the Camp Nou after four trophy-laden seasons. Here he is thrown in the air by his players after winning the FIFA Club World Cup for the second time in December 2011, having been the first team from Spain to win it two years earlier.
Guardiola congratulates Barca players Cesc Fabregas and Javier Mascherano after winning the Spanish Supercup against Real Madrid at the start of the 2011-12 season.
Guardiola won the FIFA Men's Football Coach of the Year award in January 2012. "I can't promise you silverware, but I can say that we'll keep on battling to the end and you'll be proud of us," he said after becoming coach four years ago.
In the 2009 calendar year, Guardiola won six trophies in total -- the Copa del Rey, La Liga, the European Champions League, the Spanish Supercup, the UEFA Supercup and the Club World Cup.
Former Barcelona president Joan Laporta shakes hands with Guardiola on June 5, 2008. The Catalan club's 15th coach arrived with the mission to end a two-season trophy drought -- he didn't disappoint.
He joined Barca's famed La Masia youth academy in 1984, and wore the No. 4 shirt until leaving for Italy in 2001.
He had two spells at Serie A side Brescia either side of a brief time at Roma, and is pictured playing against Perugia in 2002.
Guardiola left Europe to join Qatar's Al-Ahly from 2003 to 2005, then joined Mexico's Dorades de Sinaloa for a season before finally hanging up his boots.
Guardiola is pictured here with fellow Spaniard Jose Maria Olzabal at the Ryder Cup after Europe produced a remarkable comeback to win the tournament at Medinah in the U.S.
Old Trafford, home of Manchester United, was blitzed during a raid by the Luftwaffe on March 11 1941. The stadium was obliterated and left the club homeless. All of Gibson's hard work had been undone in a single night. United agreed a deal to play its home matches at Maine Road, home of rival Manchester City, until Old Trafford was rebuilt in 1949.
Gibson and his wife Lillian, had a train named after the football club. Gibson ensured supporters had a far smoother journey to Old Trafford after having steps built up from the local train station to the stadium, while he also had trains make unscheduled stops to help fans make it in time for kick off.
A statue of George Best, Denis Law and Bobby Charlton, which stands outside Old Trafford, depicts three of the club's greatest players. If it wasn't for Gibson, it is arguable the trio would never have pulled on the red of Manchester United.
Matt Busby, who was appointed by Gibson as manager, went on to win the 1968 European Cup, four league titles and two FA Cups. He survived the Munich Air Crash of 1958, where many of his players perished. After his recovery, he helped rebuild the team and lay foundations for the future.
Busby's success has been built on by current United manager Sir Alex Ferguson. It was under Ferguson that United won their19th English League overtaking Liverpool's record of 18.
United have established a buccaneering style of play, which this season has been epitomised by forward Robin van Persie, who is pictured here celebrating with Danny Welbeck. Since joining United from Arsenal in the summer, Van Persie has scored 16 English Premier League goals.
His future at the English Premier League champions had been in doubt since his training ground bust-up with manager Roberto Mancini in early January, when coaching staff had to intervene to separate the pair. Mancini later downplayed the tussle, sparked by Balotelli's hostile tackle on a fellow player, as "nothing unusual."
Balotelli made his Inter Milan debut in 2007 after being signed by the club at the age of 15. He scored the first goals of his senior career in a Coppa Italia match against Reggina in December of that year.
Balotelli joined Manchester City from Italian club Inter Milan. His relationship with Inter coach Jose Mourinho endured numerous ups and downs. Disciplinary issues littered his time at the San Siro and the situation came to a head in March 2010, when Balotelli was left out of Inter's squad for a Champions League tie after an altercation with Mourinho.
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