The F1 legend suffered a horrific head injury following a skiing accident in December 2013 and has since been in an induced coma. Schumacher has not been since then but there have been several updates on his health.
Commenting on his current condition current FiA President, Mr Todt, provided an update on the racing driver’s condition for Italian newspaper La Repubblica on Sunday.
Although it is unsure of the future condition of Schumacher, Mr Todt admitted he hoped he would “one day visit the Grand Prix with Michael”.
Mr Todt added: “We are in daily contact with Michael.
“He’s fighting to get better every day.”
A few weeks ago, Schumacher was admitted to the Georges Pompidou Hospital in Paris.
While there he was treated by cardiac surgeon professor Philippe Menasché who is a pioneer in stem cell therapy.
Mr Menasche is a professor at the University of Alabama and the University of Paris Descartes, he also works at the Georges Pompidou Hospital where he leads a team who focus on stem cell therapy for cardiovascular diseases.
Despite being a pioneer in the field, Mr Menasche received heavy attention from local media sources earlier this month who accused him of conducting experiments on the former Formula 1 driver.
JUST IN: Michael Schumacher’s son Mick ‘ready’ for F1 step up but faces problem
He added: “There has been a lot of progress on the subject in the last 20 years which by the way there is still a lot to learn.”
Following in his father’s footsteps, Mick is said to be in store for a bright future in racing.
Current Formula 1 driver, Nico Hulkenberg praised the young star last month and insisted that he would soon make the jump from Formula 2 to the top echelon of racing.
Mick currently drives for Prema Theodore Racing but is expected to make the leap up in the next two years.
Speaking to German news channel, n-tv, Hulkenberg revealed Mick has “developed well” in his career.
Hulkenberg added: “I’m sure that we’ll see him in Formula 1 in two years at the latest.
“Of course, you have to see the conditions under which he will grow.
“The expectations are extremely high, this is not an easy situation.”
Mick himself admitted after his first win n Budapest last month that his ultimate goal was to emulate his father.
Following the race, he said: “I will do my best to learn as much as possible so that I am ready when the time comes, and so I feel comfortable in whatever team.”
Additional reporting by Monika Pallenberg.