AC Milan have announced that Thiago Silva will not be sold in the summer.
The Rossoneri had been locked in talks with Paris Saint-Germain over the Brazilian stopper, with club owner Silvio Berlusconi admitting that the club could be unable to resist the offer from the cash-rich French side.
PSG sporting director Leonardo had expressed doubt about the success of a move for Thiago Silva, and Milan have now guaranteed that the player will be staying at the club.
A statement on the club’s official website read: "The president Silvio Berlusconi has decided: Thiago Silva will stay at Milan.”
Earlier on Thursday, Thiago Silva's agent stated that his client should be offered an improved contract if he is to stay at Milan, whom he joined from Fluminense in 2009 in a €10 million deal.
And Berlusconi added that, despite "an extraordinary offer", the club were determined not to sanction any move.
Berlusconi added: "We refused an offer of €46 million. My old Milanista heart made me say no."
"We didn't change our minds. We didn't want to sell the player, but we received an extraordinary offer from PSG."
Meanwhile, PSG have also issued a statement on their website saying that they have pulled out of negotiations for the 27-year-old.