By FOX Sports Staff
It has been speculated that Allegri is on his way out of Milan after a rough season which ended with the Rossoneri securing Champions League qualification only on the last day of the campaign with Roma on the alert to swoop in as they seek a permanent manager.
However, it has emerged that Allegri will remain in charge of Milan after successful talks with club president Silvio Berlusconi and CEO Adriano Galliani.
"With Galliani and Allegri we had a frank and cordial discussion in which we revisited and analysed the past season, so there was a clarification on certain things," said Berlusconi.
"We reached an agreement on the rights and duties of the club towards the coach and the coach towards the club.
"We also talked about the type of football that Milan must play and the squad for next season, setting out guidelines for the transfer window.
"The rapport with the coach, which has never been interrupted, continues with faith and in absolute reciprocal respect."