Ranieri has been under intense pressure after a slew of disappointing results for Inter Milan, both in Serie A and the Champions League. With the Nerazzuri failing to claim a victory in their last seven games, not qualifying for next season's Champions League looks a likely possibility.
Along with these unsatisfactory results come rumours that Ranieri will soon be replaced by Andres Villas-Boas or Pep Guardiola. However, Moratti declared to Sky Sport24 that contact has not been made with any managerial candidate.
"It's not easy for a coach to read in the papers every day that there's a new coach coming in to replace him, when in actual fact no contact has been made with any other coach," he said.
"He's professional, he's getting on with his job, and he has my complete support in this difficult time that he's experiencing and that we're trying to get through this."
Moratti will be hoping Inter Milan return to winning ways when they visit Chievo tonight [Friday].