After the retirement of Maurizio Arrivabene in 2019, Binotto was confirmed to be the Scuderia team principal and he will continue at his post.
Sainz and new colleague Charles Leclerc rapidly built a strong bond, and the two teamed to place Ferrari third in the constructors' standings.
Ferrari and McLaren fought a long battle for third in the constructors’ championship behind Red Bull and eventual winners Mercedes.
Mattia Binotto also insisted that Binotto insisted that Ferrari's primary focus this season has always been on the crucial 2022 design.
Ferrari's extra horsepower could be crucial in the team's bid to overtake McLaren for third place in the constructors' championship.
Witnesses at the Italian Grand Prix recalled Binotto and Leclerc arguing heatedly in the team garage earlier this month.
Ferrari are nowhere near the championship picture, with Mercedes and Red Bull fighting it out for the constructor's championship.