The speculation over the future of Rossoneri boss Massimiliano Allegri has led to rumors that the veteran Dutch midfielder, who enjoyed a 10-year spell at the San Siro club, is being lined up as the Italian's replacement.
Seedorf joined the South American side on a two-year deal in 2012 and Oliveira is extremely confident he will stay, believing that the 37-year-old is now settled in to life in Brazil.
"It will not happen," the 62-year-old coach told reporters. "I don't open Italian newspapers, nor do I know the name of even one of them. I talk with Seedorf a lot, who is a quiet guy, I have nothing but respect for him. I think that the Seedorf settled in in Rio de Janeiro through the familiarity of his wife [Luviana, a Rio native], because he is very streetwise.
"You see that he affects the whole game. He goes at the same tempo throughout and when the game is nearing its end, he has emptied his petrol tank."
Seedorf was the first player to win the Champions League with three different clubs - Ajax in 1995, Real Madrid in 1998 and twice with AC Milan in 2003 and 2007.