The Turin side have yet to confirm if they will sign the 26-year-old on a permanent deal.
Milan who want the Scudetto last season will be looking to for a midfielder to replace Andrea Pirlo who left for Juventus at the end of the season, but there has been no indication that the San Siro giants will make a move for Aquilani.
The Italian’s agent Franco Zavaglia, told Gazzetta dello Sport: "I can say that I am not aware of any interest from AC Milan.
"They are just rumours and we have had no contact with Milan.
"Juve have asked us for a few days to reflect and in the meantime, we are looking at the options in Italy and abroad.
"I don't think the problem has to do with the buy-out clause but rather that they (Juventus) are looking for someone whose characteristics are more defensive.
"We will see what happens.
"Whatever happens, Alberto is not left in the middle of the road as he still has three years left of his contract with Liverpool."
