Beppe Bozzo ruled out a Stadio Meazza exit.
"Antonio will stay with Milan," Bozzo told Sky Sport 24. "He is very happy and there are no reasons why he would want to leave."
Bozzo's words come just hours after Milan Vice-President Adriano Galliani seemed to also rule out a move.
"He's not expressed an unhappiness at being here," Galliani continued. "He has a contract until 2014. If he isn't content then we can talk about it."