The pair became close friends at Ferrari when the Italian team dominated Formula 1. Since then, 45-year-old Schumacher has retired and Todt is the current FIA president, but they remained close friends.
Todt has visited the Schumacher family since the seven time world champion returned to his home in Switzerland after months in hospital and rehabilitation.
'NEVER AGAIN DRIVE AN F1 CAR'
Not much is known about Schumacher's condition but Todt has reportedly now delivered an upbeat report to the Belgian broadcaster RTL.
Todt said: "We may assume that Schumacher can live a relatively normal life within a short period of time. What we can say is that he will probably never again drive an F1 car again."
RTL said Todt visited Schumacher at his home on next to Lake Geneva ahead of the October 2014 Japanese GP: "He fights. His condition improves. Which is very important - as is the fact that he is now home with his family."