"Massimiliano Allegri will not be on the Juventus bench for the 2019/2020 season", the club said in a statement.
He leaves Juventus after five consecutive league titles and two appearances in the Champions League final, in 2015 and 2017.
After eight years of domestic dominance, Juventus crave another European crown and this season's quarter-final exit against Ajax in the Champions League was a huge disappointment after signing Cristiano Ronaldo last summer for a fee reported to be 100million euros.
Juventus will soon begin the search for a new coach for the first time in five years after it was announced Massimiliano Allegri is set to depart.
Allegri's final game will be at Sampdoria on 26 May. He was an unpopular choice among Juve fans at the time, given his past at AC Milan, whom he had led to the Serie A title in 2011 before being sacked midway through the 2013-14 campaign. On both occasions Juve were defeated by Spanish opposition, in Barcelona and Real Madrid respectively.
"I'm not going to move".
The Manchester City manager, Pep Guardiola, was quick to distance himself from the Juventus job. "I'm staying here for two more seasons, as long as City still want me".
A success with Juve during his last period at the club between 2011 and 2014, Conte has been out of work since leaving Chelsea a year ago. To win the Champions League with Tottenham, in this circumstance, in this season, maybe I need to think a little bit to do something different in the future, for sure. He said: "I'm not going to Juventus or to Italy".
"That is how I feel today, but football changes a lot".