AC Milan vice-president Adriano Galliani says Alexandre Pato will stay.
Carlo Ancelotti is widely expected to be named as the club's new coach, replacing Antoine Kombouare, while David Beckham and Pato, 22, are among the high-profile players being linked with the club.
However, Galliani told AC Milan's website: "I haven't spoken to Leonardo or Pato and there are no negotiations to take him to PSG.
"He's definitely a Milan player and that's the truth. There are no negotiations between Milan and PSG for Pato."