Ronaldo, whose contract with the reigning Serie A champions is set to expire at the end of the 2021/22 campaign, will remain with the club until the end of his current deal according to club chief Paratici.
The five-time Ballon d'Or winner has been strongly linked with a move away from Turin in recent weeks and was previously linked with a return to Real Madrid or Manchester United, while Paris Saint-Germain have also been credited with an interest.
However, Ronaldo now looks set to remain with the Bianconeri despite suggestions that the club could look to offload their highest-earner in order to transition into a new era under manager Andrea Pirlo.
"He's the best in the world and we're holding on to him," Paratici said following Juve's shock defeat to Benevento over the weekend, per CNN.
"The word transition doesn't exist at Juventus, we always play to win. Some seasons go better than others, but the word transition doesn't exist. Seasons are important even if they're about growth that yields results in the subsequent years."