Asphalt is the most commonly used material for pavement construction around the world, and therefore, it is vital to acquaint a practice that restores the reclaimed asphalt pavement (RAP) binder properties to the required level of performance by adding proper rejuvenators. However, a rejuvenator may perform better in the early stages of its application but may not necessarily perform better in the long run. The aim of this study is to assess the rejuvenation effect on the aging resistance of RAP binder in long-life performance through applying artificial aging. In this study, base virgin binder of pen grade 60/70 and RAP binder rejuvenated with Cereclor were subjected to artificial aging to simulate the short- and long-term aging effects. Penetration, softening point, ductility, and viscosity; saturates, aromatics, resins, and asphaltene (SARA) fractionation; and Fourier-transform infrared (FTIR) spectroscopy, bending beam rheometer (BBR), and dynamic shear rheometer (DSR) tests were conducted to evaluate the potential improvements in various properties of RAP binder. The results indicated that the physical, fractional composition, rheological, and aging resistance of RAP binder improved through the rejuvenation mechanism. Therefore, the rejuvenator improved the chemical structure through re-balancing the constituents in the colloidal system, even after long-term re-aging, which proves it to be an aging-resistant binder. Furthermore, it has been concluded that Cereclor has substantial rejuvenation potential even after applying artificial aging, and it can be utilized in pavement recycling to achieve long-life performance. Furthermore, the results depict good correlations between the physical, rheological, and chemical parameters of virgin and RAP binder.