His contract was due to expire on June 30, 2021, and will not be renewed.
The decision had been in the air following a disappointing campaign, and he’ll probably be replaced by the promotion of Luigi Cherubini.
“These have been wonderful years of professional growth and strong emotions,” Paratici told the club website.
“Juventus allowed me the opportunity to do my job in absolute freedom and without conditioning, fully respecting my role.
“For this I wish to thank the club, my staff, the employees, collaborators, players, coaches, shareholders and in particularly President Andrea Agnelli.
“An important chapter of my career closes, awaiting new challenges.”