A brilliant 2013-14 campaign for centre-back Fazio has reportedly further intensified interest in the Argentine.
"Fede his happy at Sevilla, he has another great season and his life is settled here. We've made moves to try and improve his contract and increase his release clause. This is one subject that I'm not worried about," he told Sevilla TV.
"As for Rakitic, everything has been agreed upon, his contract is on the table, with wage conditions and clauses that he's agreed upon, but he decided to take some time.
"We had coffee before going to Milan and spoke about the watch he wanted for winning UEFA SuperCup and how great it would be to win in Cardiff. Other than that, only he knows what will happen next. In the celebration, he said he wanted to win many titles with Sevilla."
Sevilla finished fifth in La Liga last season in addition to winning the Europa League.