The Argentinian nearly joined Milan in January but Manchester City turned down their offer of a loan deal as the Etihad outfit were keen to offload Tevez on a permanent basis.
Tevez scored a hat-trick in City's 6-1 win at Norwich City on Saturday to add to his goal against West Bromwich Albion last week and Roberto Mancini has hinted that the striker could stay in Manchester.
"I don't know [if Tevez will stay]," the Daily Star quotes Mancini as saying. "What is important now is we think about the next four games.
"After that, we can see what will happen with all the players. There is no problem with the other players. No, it's in the past."
Milan are reportedly weighing up a £30m offer for Tevez in the summer, according to Corriere dello Sport.