The Italian was a strong favourite to replace Arsene Wenger at the Emirates, but looks like he is set to stay at Serie A champions.
Allegri has shut down talk of joining Arsenal or Chelsea, insisting he is staying at Juventus.
Massimiliano Allegri says it is "highly likely" that he will be at Juventus next season.
Allegri who has been linked with the vacant job at Arsenal, said yesterday as Sky Sports reported: "The likelihood that I'll stay at Juve? Very high.
"I'll meet the club and start planning for the future next week. My intention is to stay here for the moment, I don't see any reasons to look elsewhere.
"I repeat that we're going to talk with the club and if the objectives remain the same we'll continue together without any problem."