The 36-year-old's original deal was only for one year, with an option for a second year, but there are no certainties according to the player's agent Enrico Fedele.
"We will meet with the club in late April. All avenues are open at the moment," he explained to tuttojuve.com.
"Juve have an option to sign him for another year, but could decide to offer him a management role."
Cannavaro, barring injury, will captain Italy at the 2010 World Cup this summer. He has made 25 appearances for the Bianconeri in all competitions this season.
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