The trainer had been accused of not reporting leads regarding a match-fixing scandal in which 15 Italian clubs were involved during the 2011–12 season, leading to the Juve boss' temporary suspension from hands-on coaching.
Pessotto took the time to back his former team-mate, reflecting on his development and the success he has had during his career.
"I was hoping that Antonio could become the same sort of manager as he was a player," he told Sky Sports Italia. "And he certainly has - he has it all.
"Antonio has a winning mentality and great experience - these are the qualities that he had on the field.
"All that hard work has helped him become a true champion, as a coach and a player."
Conte will be on the sidelines again for the clash with Palermo on December 9.
Prior to that, there is a derby against Torino waiting for the Bianconeri on December 2 followed by the club's final Champions League group game against Shakhtar Donetsk, in which a draw is needed to secure qualification into the last 16.