However, the Friday decision by the Court of Arbitration for Sport (CAS) ordered world footballing governing body FIFA not to extend the sanction.
Platini was provisionally suspended by FIFA over a two million Swiss francs ($2 million) payment from FIFA President Sepp Blatter.
The CAS said that "an extension would constitute an undue and unjustified restriction of Michel Platini's right of access to justice, cause irreparable harm to him and also tip the balance of interest test in his favor".
Platini's 90-day suspension period will expire on Jan. 5, 2016 before the FIFA presidential election on Feb. 26.
According to CAS, "even if the ban were lifted at this time, such measure would not give any guarantee to Michel Platini that the FIFA ad hoc electoral committee would validate his candidature for the FIFA presidential election before 5 January 2016".
"However, the CAS Panel considered that the situation would change if FIFA were to extend the provisional suspension for any period up to 45 days, on the basis of 'exceptional circumstances'," CAS added.
CAS said maintaining the 90-day provisional suspension would not cause irreparable harm to Platini.
On Nov. 20, Platini filed an appeal to the CAS against a FIFA Appeal Committee decision which imposed a provisional ban of 90 days on him.