Buffon has remained rooted in his native Italy through almost 900 club games for Parma and then Juventus and a European record 176 caps for Italy.
Buffon, who played a record 176 times for Italy, has an option to extend his stay at the Parc des Princes for a further season.
Juventus won their 34th Serie A title and seventh in succession on Sunday with one game left this season.
Here is a team of football legends who put a halt to their playing careers this year, breaking the hearts of many fans worldwide.
Several current and former footballers, took to social media to express their respect for the Italian captain Buffon.
Buffon expressed his sorrow as the four-time champions failed to qualify for the World Cup for the first time in 60 years.
Buffon's career finished not in Russia but with a humiliating World Cup playoff exit against Sweden at San Siro stadium.
Here is a look at the three veteran warriors of the 2006 World Cup-winning campaign who face an inglorious exit if Italy fail to qualify for the tournament for the first time in 60 years.
Buffon will be hoping the outcome will be the same as when Italy qualified through a play-off against Russia for France 1998.
Two of soccer's all-time best players, the 39-year-old Buffon had denied Messi a goal in their previous three meetings.