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The noncollinear magnetization of the ferromagnetic layers provides the conditions necessary to generate the triplet superconducting correlations. We discuss how it may be possible to generate the magnetization by the triplet correlations in the Josephson junction. Such induced magnetization occurs at a relatively large distance and it is sensitive to the superconducting phase difference. By tuning the Josephson current, one may control the long‐range induced magnetic moment. The induced magnetic moment controlled by the Josephson current may be used in spintronics devices instead of the spin‐torque effect. Alternatively, applying the voltage we can generate an oscillatory magnetic moment. This opens interesting perspectives to couple the Josephson effect with spintronics.