The 20-year-old's role in the squad is said to be under threat following the signings of Kaka and Alessandro Matri, with Manchester City were reportedly considering a big-money move for him.
However, after joining up with the Italy national team ahead of World Cup qualifying encounters with Bulgaria and the Czech Republic, El Shaarawy has ruled out a departure.
"I’ve decided to stay at Milan," he told Sport Mediaset. "I have made a precise decision and, no matter what offer arrives, I want to stay at Milan.
"There's more competition in the squad now, but there will be playing time for everybody. I'll fight for my place in the team."
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