An Italian agent had claimed that the Rossoneri were trying to offload him following a disappointing campaign in Serie A.
And, according to reports in Italy, the former Ajax goal-getter has been touted to clubs in England for €12-14 million with Spurs supposedly leading the race for his signature.
Italian agent Fabio Parisi told Sky Italia: “AC Milan is trying to sell him. The player will soon find out that at Milan he will have no chance to play.
"Also because Milan will take a great striker, Huntelaar needs to realise leaving Milan now will be better for him in the long run."
"I want to stay at Milan and I want to remain next year too," he said.
Arsenal boss Arsene Wenger has previously admitted his admiration for the player who was prolific in Holland before moves to Spain and Italy, while Huntelaar was also thought to be on Old Trafford chief Sir Alex Ferguson's radar last year.
Wenger has already added to his forward line in the form of Marouane Chamakh, but with injury-plagued forward Eduardo rumoured to be on his way out of Emirates Stadium, the Gunners' boss could be persuaded to dip into the market for another frontman.
French champions Olympique Marseille were the latest club to go after the Dutch striker only to be rebuffed by the player himself, who turned down a move to France after Milan accepted a €15 million (£12.4m) bid, according to Italian newspaper Corriere dello Sport.
