Novak Djokovic celebrated his elevation to world number one by reaching a new personal landmark to reach the Paris Masters quarter-finals on Thursday.
The 27-year-old Raonic will next face Roger Federer, who is chasing his 100th career title after winning the Swiss Indoors last week.
Djokovic established his quarterfinal clash with fifth-seeded Marin Cilic.
"But it's not the end of the season, so I can't be too ecstatic about it".
Federer did again win his home title, but some less glittering results since the grass season have perhaps left more in the tank than usual. I wanted to thank them, to salute them. I did win, so I had the mike, I could talk to the public.
When asked about the London finals he added: "I am very sorry but I can not answer you". It would not be fair for me to go on the court knowing that it will not be possible to play the full tournament.
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Federer, who has taken both the clay grind at Roland-Garros and the awkwardly-timed Bercy indoor event off his truncated playing schedule recently, had originally been scheduled to return on Wednesday.
Maybe one of them will be able to add to the group's title haul in Paris and build momentum heading into London, where they've been much more successful over the years.
Gilles Simon was the only one of six Frenchmen to advance on Tuesday, defeating compatriot Lucas Pouille 6-3, 6-4, with Pierre-Hugues Herbert and qualifier Benoit Paire losing to Mikhail Kukushkin and Marton Fucsovics respectively. The Spaniard has not said whether he will play in next week's ATP Tour Finals in London. "It's been a hard year for me in terms of injuries, and so I'd prefer to avoid doing anything drastic", he told the media minutes before his intended match against compatriot Fernando Verdasco who instead faced-and lost to-Tunisian lucky loser Malek Jaziri.
"My objective is London".
Djokovic said on Sunday: "My team is in touch with the people in Saudi Arabia as well as Rafa's team and we are all talking to understand the situation better". But I'm not there yet. Nothing is said at the moment but we're just still trying to figure how we're going to make the schedule.