Since the Ottomans only lost Libya to Italy seven years beforehand I generally see it going back to them, likewise the Dodecanese. Whilst they weren't all that smart at things like this I can't really see them losing any large swathes of territory in Italy-proper to the Austro-Hungarians as that would just be asking for trouble from their perspective.
Unrelated to the original question but if the Ottomans did get Libya back could they also perhaps try and get Egypt restored to them as well for the full set? Technically it wasn't a British colony but legally still a part of the Ottoman Empire up until the start of the war when the British organised a coup, had the new ruler declare the Sultanare of Egypt and declared it a protectorate. If the Germans were to force the British and French to hand over their shares in the Suez Canal as part of the reparations for a controlling interest thus giving them influence in the area could this be viable?
Unrelated to the original question but if the Ottomans did get Libya back could they also perhaps try and get Egypt restored to them as well for the full set? Technically it wasn't a British colony but legally still a part of the Ottoman Empire up until the start of the war when the British organised a coup, had the new ruler declare the Sultanare of Egypt and declared it a protectorate. If the Germans were to force the British and French to hand over their shares in the Suez Canal as part of the reparations for a controlling interest thus giving them influence in the area could this be viable?