AC Milan have confirmed that they turned down a 'monster offer' from an English club for rising star Alexandre Pato.
The 19-year-old Brazilian forward has been heavily linked with Chelsea in recent times, while Manchester City are also armed with the cash needed to try and tempt the teenager away from the San Siro.
However, vice-president Adriano Galliani told the Italian club's official website: "Pato will get a contract extension and I am absolutely delighted by Pato's comments.
"We have always spoken to Pato and the comments that arrive from other continents usually are mistaken. There were no doubts and there are no doubts regarding his future.
"The only offer that has arrived to our club was a monster offer from England for Alexandre Pato.
"I continue to believe that there isn't a player in the world that is as strong as him at his age.
"In any case, no-one should worry because he is under contract through to June 2012."
Pato had earlier pledged his future to the Rossoneri, saying: "Pato will be at Milan always. I am part of Milan and the club decides on my life.
"I am happy at Milan and I am here to work for Milan. The past year and a half for me has been great. I want to help Milan win the Champions League."