Recent reports had suggested that Bryant might be allowed to leave the franchise but Buss has revealed that the Lakers have already started discussions about a new deal for the 35-year-old.
"I want to put an end to any speculation that we would allow Kobe to become a free agent," Buss told ESPNLosAngeles.com. "That's not going to happen. Kobe is a top priority for us. He's a Laker legend and always will be. I don't think we're done winning championships with him yet.
"Mitch Kupchak and Rob Pelinka [Bryant's agent] have been talking, but with him being hurt, it has slowed the process some. I don't know when it'll get done, but I have faith in Rob and Mitch to work things out."
Bryant is currently recovering from surgery on an injured Achilles.