AC Milan have confirmed that Alexandre Pato will remain at the San Siro to end reports linking the Brazilian striker with a move to Paris St Germain.
Media in France had claimed PSG had reached an agreement with Milan to acquire the 22-year-old on a permanent transfer.
A statement from Milan read on Thursday: "AC Milan announces that Alexandre Pato will remain with the Rossoneri outfit.
"The striker has decided to continue his young, splendid and winning career with Milan."
Pato, who has scored 51 goals in 111 league appearances for the Rossoneri since making his debut in January 2008, said to www.acmilan.com: "Milan is my home.
"I didn't wish to end my Rossoneri career after winning my first two trophies with this jersey (last season).
"I want to contribute to write the history of this club and to add further achievements and joy to this club with happiness and perfect harmony in the group.
"This joy will give me an added strength to face future games with more enthusiasm, will to win and hunger for goals.
"For me today is a special day.
"I want to thank the president (Silvio) Berlusconi, the club and the fans, who have always believed in me."
Pato was inspirational in helping Milan win the scudetto and the Italian Supercup last season.
He is under contract with Milan until June 2014.
