Galliani announced on Friday that he intends to stand down after next month's Champions League clash with Ajax, admitting that he was upset with the manner of his imminent departure after 27 years at San Siro, amid reports of a falling out with Rossoneri director Barbara Berlusconi, daughter of Silvio.
However, despite being unable to make an unscheduled press conference on Saturday, Silvio announced via the club's official TV channel that Galliani is going nowhere, explaining that the pair had held conciliatory talks on Friday evening.
"Tranquillity has returned to Milan," the former Italy Prime Minister told Milan Channel. "Adriano Galliani remains in place, like all the others.
"The only reason I could not go to Milanello [for the press conference] was because of the bad weather. Adriano Galliani is much more relaxed after the dinner we had at Arcore last night."
Milan currently sits 13th in Serie A, but Massimiliano Allegri's men can book their place in the last 16 of the Champions League by avoiding defeat at home to Ajax on Dec. 11.