Conte first called the state of emergency on January 31, after two cases of coronavirus were confirmed in Rome, but before Italy recorded its first deaths from the virus.
In Italy, the procedure – which has been used in the past following floods and earthquakes – helps to cut red tape and hands regional authorities special powers.
“Reasonably, the conditions exist to extend the state of emergency due to the coronavirus after July 31,” Conte told reporters in Venice.
“The state of emergency serves to keep the virus under control.
“We have not yet decided, but we are reasonably moving in that direction.
“The possible extension simply means that we are in a position to continue taking the necessary measures.”
Nearly 35,000 people have died after testing positive for coronavirus in Italy, the first country hit by the global health crisis after China, and more than 242,000 people have been infected.
In May, as rates of infection began to decline, Italy started easing a strict two-month nationwide lockdown that shuttered most shops and businesses and restricted the movement of people.
Health officials caution that although the crisis has subsided, the virus is still circulating.
On Thursday, Italy banned travellers from 13 countries, including Bangladesh and Brazil, which it deems risky for coronavirus transmission.
It took the measure after discovering an alarming rate of coronavirus infections among people arriving in Rome from flights originating in Dhaka.
If Italy decides to extend its state of emergency, the procedure could be in place until the end of 2020.
