Pastore has been linked with a host of clubs, including Manchester United, Manchester City, Real Madrid, Juventus, Roma, AC Milan and Inter Milan.
The 21-year-old Argentina international told Palermo’s official website: “For the time being I will stay in Palermo. It is a club where I feel very comfortable.
“If a good offer comes in for me and the club, we will look at it together and if it turns out it is my time to move, I will do it happily. I’m extremely grateful for everything the club and the fans have given me.”