␣-Synuclein is an intrinsically unstructured protein that binds to membranes, forms fibrils, and is involved in neurodegeneration. We used a reconstituted in vitro system to show that the molecular chaperone Hsp90 influenced ␣-synuclein vesicle binding and amyloid fibril formation, two processes that are tightly coupled to ␣-synuclein folding. Binding of Hsp90 to monomeric ␣-synuclein occurred in the low micromolar range, involving regions of ␣-synuclein that are critical for vesicle binding and amyloidogenesis. As a consequence, both processes were affected. In the absence of ATP, the accumulation of nonamyloid ␣-synuclein oligomers prevailed over fibril formation, whereas ATP favored fibril growth. This suggests that Hsp90 modulates the assembly of ␣-synuclein in an ATP-dependent manner. We propose that Hsp90 affects these folding processes by restricting conformational fluctuations of ␣-synuclein.