Pjanic has been in excellent form since his arrival from Lyon and it is understood contact talks are ongoing to deter interest from some of Europe’s biggest clubs, which include PSG and Barcelona.
Pallotta is in Italy to announce plans for Roma’s new stadium, however, Il Messaggero reports that news of contract extensions to coincide with his visit are false.
Instead, Pallotta has instructed the club to pursue the extension without his presence, hoping that a solution arrives as soon as possible.
Along with Pjanic, Roma defender Mehdi Benatia is also attracting attention of European giants Bayern Munich and the club is expected to announce a contract extension for the Moroccan, which will include a substantial pay rise.
The Giallorossi have enjoyed a successful campaign under new coach Rudi Garcia and look to hold onto their star players to build ahead of next season.
Pjanic has featured in 83 games for the capital club, scoring 10 goals.
Benatia signed from Serie A rivals Udinese at the start of the current campaign and has featured in 27 games, scoring five goals.