The former Rossoneri favourite has increased speculation linking him with a return to San Siro by claiming he would talk to the club if they were interested in his services
Current Rossoneri boss Massimiliano Allegri, has come under pressure in recent months following a series of poor results and Donadoni is among several names to have been touted as a possible replacement.
The 49-year-old, who celebrated one year in charge of the Gialloblu last week, stressed there had been no contact from Milan, but admitted he would talk to the club if they were interested in his services.
"There has been no contact from Milan, but if they called, I would answer," he told RTL 102.5.
The former Italy boss was rewarded with a contract extension for guiding Parma to safety last season, but gave a thinly-veiled hint that his future could lie elsewhere.
“I have only recently signed with Parma until 2015," he added. "I want to grow with this side, but I will not hide my ambitions."