Lotito has claimed he's rejected a €160m offer for the Serbia midfielder in the past.
“I smile when people say that I spend little on new signings," he told Tempo.
“I'm the absolute majority shareholder, but Lazio being a listed company means I must also safeguard the interests of small investors.
“Then this urban legend that I'm stingy is discredited by the facts. Lazio spends a lot of money every year.
“The balance sheet data proves it. We capitalise and strengthen, while thinking about the future.
“I don't regret not selling Milinkovic. Financially it would've been a great deal, but I'd made a promise to my Coach.
“Football isn't just business: I also didn't so as to not cause distress for the fans."