personally, i see absolutely no reason not to re-use it.
There is no reason at all that "old" soil should be anaerobic, or loose anything
if the soil were anaerobic, the previous plant would have been meeting its maker.
If the soil came from a sick plant, thats another matter, depending on what was wrong with it.
The biology in the soil only increases with plants what were previously growing in it.
thats a good thing.
ive never understood the sterile soil philosophy. even with cuttings and seedlings.
In a sterile environment it is much easier for bad microbes to take hold,
than it is if the environment is full of good microbes.
every cutting and seedling ive started, is in soil that is teaming with life.
To me, the ONLY issue is that the organic matter will keep breaking down over time.
in a container, the smaller particles will get washed out.
When ive reused soil in the past, sometimes there is little organic matter, and its mainly perlite and sand
and i just add live compost to give it more OM and live microbes.