City were linked with El Shaarawy over the weekend and yesterday Milan vice-president Adriano Galliani refused to rule out selling the striker.
"I did not hear what Galliani said," agent Roberto La Florio told Sportitalia.
"Offers from City? Nobody called me, these are journalistic things. He is a Milanista and looks great with the Rossoneri. But anything can happen, it's always been that way."