There were reports that Taarabt's contract included a clause automatically making the move permanent if he played a certain number of games.
Vincenzo Morabito said: "That's not true. Clearly everyone was surprised by his great start and expected him to continue as an undisputed first pick, but he just needed to catch his breath.
"Milan now need calm. We'll see how the season ends and what happens with the Coach, so if Seedorf remains or not and the choices made by the club.
"They will plan out their transfer strategy with a list of players to sign or sell. As of today, Taarabt has a good chance of staying with the Rossoneri."
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