The Italian midfielder has recently been strongly linked with a move away from the Reds.
Aquilani spent last season on loan at AC Milan but the Italian side turned down the chance to make the move permanent.
“Aquilani will remain at Liverpool,” his agent Franco Zavaglia said to www.calcionews24.com. “He has a contract and hence there is nothing new.
“I would say that at this point the chances that he could go back to Milan are impossible.
“Other clubs? I reiterate, he will remain at Liverpool.”
Aquilani has two years left on his current contract with Liverpool.