Gilmar Veloz met with Milan officials yesterday over Pato's future.
"Pato is doing well in Europe, he doesn't need to return to Brazil," Veloz told O Tempo.
"He has 18 months left on his contract; it's unthinkable that an expensive player like him would be loaned out.
"When there is something concrete, we can talk. But right now, he is happy at Milan."