The Italy international is currently Parma's top scorer in the Serie A with seven goals to his name.
He is currently co-owned by both Juventus and Parma after the latter club paid €3 million agreement for 50 per cent of his economic rights last summer.
With his prolific form, it was thought that Juventus would bring the 24-year-old back, especially after Giovinco stated last October that he would like to replace the outgoing Alessandro Del Piero in 2012.
However, Giovinco has denied any rumours of him returning to Juventus, choosing to repay Parma for their faith in him..
"Juventus want me back?," he told Mediaset Premium. "One thing is certain: I am staying at Parma."
"I chose this squad because they showed the most concrete interest in me from the start."
Giovinco admitted that the lack of first-team opportunities was a big factor in his departure from the Turin club.
He added: "I could have learned so much at Juve next to champions like Del Piero, but I was not given that possibility,
"They chose another path, and now I hope to go as far as possible."