The former Chelsea midfielder been linked with a return to the Premier League this season, where Aston Villa are keen.
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But speaking with Sportmediaset, Loftus-Cheek laid out his plans for the coming 12 months.
He stated: "I have a contract until the end of 2027.
"I think we'll discuss it with the club in the summer. I love Milan and this team, but right now I'm focused on the end of the season."
This season, Loftus-Cheek has made 27 appearances for Milan, scoring three goals.