Mikel Arteta feels Arsenal have the financial strength to be able to challenge for the Premier League title next season.
Former Newcastle striker Michael Chopra is keen to return to the Indian Super League, which will kick off on October 3.
Conte held a three-hour meeting with president Andrea Agnelli, director general Beppe Marotta, sporting director Fabio Paratici and Pavel Nedved on Wednesday evening and afterwards it was confirmed he would remain at the helm.
Conte said: "We have planned the 2013/2014 season and we will continue building together."
As well as discussing a new contract, it is thought that during the meeting Conte made it clear he did not want Arturo Vidal or Paul Pogba to be sold at any cost before the start of next season.
Conte arrived at Juventus in the summer of 2011.