The midfielder is accused of purposely getting yellow cards in Premier League matches for betting purposes.
Paqueta, if found guilty, may be facing a lifetime ban or at least one of several years.
Given the facts reported by the English Federation, the CBF, supported by the joint opinion from the Legal and Governance and Compliance Directorates and the Integrity Unit, has decided to maintain the player's call-up," the CBF said in a statement signed by president Ednaldo Rodrigues.
Based on the information provided by the FA, it is categorically concluded that the player Lucas Paqueta, despite the behavior for which he was accused authorizing preventive removal (from the squad)... has not been penalized to date by the prosecuting body authorized to sanction him," the CBF added.
It is right to say that the player is free to perform his professional job until the present moment, the source of his livelihood and that of his family, in a full and unrestricted manner, whether for his club or his country's national team."