The goalkeeper had been ready to walk out after helping them to promotion from Serie B, but following months of speculation has put pen to paper on a contract extension until 2012.
“At the end of the day I decided to stay with Juve because I think the project outlined by the club can be an exciting one,” said the World Cup winner.
“The people who support it are men that I respect and admire on all levels, especially as human beings.”
One of the key changes to convince Buffon was the arrival of new Coach Claudio Ranieri after a series of disagreements with Didier Deschamps.
“A month ago I had practically decided to leave, but looking over it again I thought it was right to stay on, as there would be no sense in going elsewhere,” he told Sky Italia television.
“This desire to top the table again with Juve, winning back the leadership in Italy and Europe strengthened my motivation.”
With Jonathan Zebina also renewing his contract and others expected to follow, the Bianconeri are continuing their challenge to prove themselves post-Calciopoli.
“Before making my choice I wanted to test the water with people like David Trezeguet, Alessandro Del Piero, Pavel Nedved and Mauro Camoranesi to see if they felt the same way.
“I received more than positive responses from everyone. I think there can be nothing better than dreaming and hoping to win with this squad.”
Buffon was hailed by the fans during a special training session in the middle of Piazza Vittorio Veneto in Turin this morning. The event on artificial turf was done for charity.