Speculation is rife that Rossoneri supremo Silvio Berlusconi wants rid of the 45-year-old tactician, who is now being linked with a summer switch to Roma
The Italy international is the joint-third highest scorer in Serie A but he has not netted since the Rossoneri's 1-1 draw with city rivals Inter on February 24.
Allegri has stood by El Shaarawy, though, and the 20-year-old is therefore perturbed by reports that his boss could be sacked this summer, arguing that should Milan beat Siena on Sunday to seal third place in Serie A their season should be deemed a success.
"We have a good bunch of lads here, led by a great coach, and I hope that we all stick together for next season," the striker told Milan Channel.
"We had the chance to clinch third place on Sunday [against Roma] but didn’t manage to. Roma are a great team and we couldn’t beat them. It was a decent performance but the result we were looking for didn’t arrive.
"Now we have to think about Siena, a decisive game which will decide whether we finish third or not.
"If we manage to finish in the top three, it will have been a great season especially after the start we made.
"It won’t be an easy encounter, even if they are already relegated. Teams always up their game when they play us, and they’ll be no different: they’ll want to show what they can do."
El Shaarawy is primarily focused on victory, but he openly admits that he would dearly love to end his barren run of 11 league games without a goal by scoring against the Tuscans.
"Personally, scoring a goal on the last day would cap off a great season for me," the former Genoa forward enthused. "It’s been a crazy season, especially the first part of it.
"I was top scorer in the league at one point, so it’s been very satisfying indeed. Goals haven’t been going in for me recently but the coach has said he is happy with my work anyway."
Milan currently sit one point above fourth-placed Fiorentina, who face Pescara in their final game.