Schumacher’s health has remained a mystery since a horrific skiing crash left him a medically induced coma back in 2013.
Rare drips of information have occasionally emerged from the Schumacher camp.
He has not been seen in public for over five years and his family have insisted upon privacy while he recovers.
Todt – his close friend, former boss at Ferrari and current president of the FIA – has now offered a rare update, and a glimmer of hope for fans of Schuey.
He revealed during a chat with Radio Monte-Carlo that the seven-time F1 world champion, 50, is making good progress.
“I’m always careful with such statements, but it’s true. ”
Todt oversaw the Scuderia during the glory years from 2000 to 2004 when the German scored five back-to-back world titles.
The F1 chief said: “I’m always careful with such statements, but it’s true.
“I saw the race together with Michael Schumacher at his home in Switzerland.”
He declined to go too much into detail out of respect for the Schumachers.
Todt said: “Michael is in the best hands and is well looked after in his house.
“He does not give up and keeps fighting.”
He added: “His family is fighting just as much and of course our friendship can not be the same as it once was.
“Just because there’s no longer the same communication as before.”
Todt – and fellow pal F1 boss Ross Brawn – regularly visit Schumacher at his home in Switzerland.
He said: “[Schumacher] continues to fight. And his family is fighting the same way.”
However, the Ferrari chief added that Schumacher’s health remains a “very private” matter.
“In the end, only positive thoughts help him. I and his whole family are positive in the mental sense, despite the circumstances,” Todt said.
Todt, Brawn and Schumacher formed the unbeatable team which dominated the sport in the early noughties.
Ferrari won both the drivers and constructors titles five times in a row – before being dethroned by Fernando Alonso and Renault in 2005.
Schumacher initially retired from the sport in 2006, but then returned with the new Mercedes team in 2010.
He helped lay the groundwork for the Silver Arrows who have won both titles every year since 2014.
Schumacher retired from the sport again at the end of 2012, making way for Lewis Hamilton at Mecedes.
He remained a figure in the paddock until the horrific accident the following winter in the French Alps.
The legend fell while skiing and hit his head on a rock, splitting open his helmet, which left him with blood clots on the brain.
Heartbreakingly the star was skiing with his young son Mick, who himself is now eying a move to F1 as he competes for Prema in F2.
Schumacher’s friend Brawn urged for the stricken star to be shielded from the spotlight back in January.
Brawn said: “I am constantly in touch with (Schumacher’s wife) Corinna and I totally agree with their decision.
“Michael has always been a very private person.”
F1 fans are however always hopefully for info, and that they may one day see Schumacher return to the paddock.