The 23-year-old impressed for his Serie A club during the 2020-21 campaign, scoring four times and contributing three assists in 34 league appearances.
"[The transfer rumours are] just talk. I will decide after the European Championship. There's such an important competition to play in, and I'm only focused on this," Locatelli told reporters.
"I rely on what happens on the pitch, the real things, everything else is just gossip, it's useless to talk about it. When you're involved in such an important competition, you're only focused on the task in hand.
"We see the kids in the street when we travel to our games waving flags, so it's quite easy to stay focused on the match. I'm focused on what happens on the pitch because that's what is real. Everything else is just gossip and there's no point worrying about it."