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According to La Gazzetta dello Sport, AC Milan are close to completing a €70m move for Real Madrid striker Alvaro Morata. If true this would be another coup for Milan as Morata has been a target of Manchester United and Chelsea this summer, but Madrid what not willing to budge off their €85m valuation for the two English clubs.

Milan CEO Marco Fassone admitted the club continues to target a striker, listing Torino’s Andrea Belotti and Dortmund’s Pierre-Emerick Aubameyang alongside Morata on a shortlist.

Federico Bernardeschi’s days at Fiorentina look numbered after furious members of the Serie A club’s fanbase poured scorn on the winger with an inflammatory banner outside the club’s stadium.

Juventus are close to agreeing a deal to sign the versatile attacking star, but it is the manner in which Bernardeschi has looked to force through his departure that has really angered fans.

Marko Pjaca and Stefano Sturaro have both been linked as potential makeweights in the deal, but the 23-year-old’s refusal to sign a new contract has led to the unveiling of a banner outside the club’s Stadio Artemio Franchi.

AC Milan have continued their summer spending spree with the €17.5 million purchase of Lucas Biglia from Serie A rivals Lazio.

The 31-year-old won four Belgian titles with Anderlecht before moving to Lazio in 2013. He scored four goals in 29 league appearances last season as Lazio finished fifth.

“AC Milan are delighted to announce the signing of Lucas Biglia from SS Lazio. The player has penned a three-year contract through to 30 June 2020,” the club said on their website.

AC Milan have had a remarkable summer transfer window, and the arrival of Italy international defender Leonardo Bonucci from Juventus for €40m could be the best signing yet.

The best defender in world football has signed a five-year contract at the San Siro worth a reported €10 per season, in a move that has stunned Italian football.

So why did Juve, let the 30-year-old Bonucci leave? Well it appears that all those stories about his strained relationship with coach Massimiliano Allegri and the dressing room bust-up at half-time in the Champions League final in Cardiff were more than just stories. They were actually true.

Wantaway AC Milan goalkeeper Gianluigi Donnarumma has faced the backlash of angry supporters during Italy Under 21s’ recent clash with Denmark Under 21s at the European Championships.

News spread this week that the 18-year-old stopper would not be signing a new contract at San Siro and would instead be seeking pastures new.

Teenager Donnarumma was given his opportunity by Milan back in 2015 and has since established himself as first choice, though angry fans have greeted the latest news with a torrent of anger and the throwing of fake wads of cash.

According to AC Milan sporting director Massimiliano Mirabelli, goalkeeper Gianluigi Donnarumma will not be allowed to leave AC Milan this summer.

The 18-year-old goalkeeper told Milan last week he did not wish to renew his contract, which runs until the summer of 2018, opening up the prospect of a possible transfer this summer.

However, Mirabelli has insisted the Italy international won’t be sold, despite the San Siro club running the risk of losing the highly coveted keeper for free next summer.

“Donnarumma is a great champion, a great guy and a Milan player,” Mirabelli told Sportitalia.

AC Milan’s teenage goalkeeper Gianluigi Donnarumma will not renew his contract at San Siro, the club have announced, setting up a domino effect that will impact Real Madrid, Manchester United and Chelsea.

Donnarumma is without a doubt the best young goalkeeper in Europe, but his agent Mino Raiola, has bigger plans for his client than the seven-time European champions.

Raiola has told Milan CEO Marco Fassone that the 18-year-old goalkeeper will not be extending his contract at his boyhood club, which has 12 months to run.

‘Mino Raiola has informed me of the decision not to renew Donnarumma’ said Fassone.

New head coach Luciano Spalletti wants an Inter team that measures up to the club’s rich history but concedes there is plenty of work to be done at San Siro.

Spalletti, who was confirmed as Inter boss last Friday, met the press for the first time on Wednesday, and had some interesting comments about making Inter competitive again:

“We need to bring Inter back to where their history tells us they should be,” he told a news conference.

The news is not a surprise. Inter have announced that Luciano Spalletti has been appointed as head coach of the first team. The new coach, who has signed a two-year contract, will be unveiled at a media conference at Suning Training Centre in memory of Angelo Moratti next Wednesday.

But Spalletti is not waiting until next week to get his message out as he made the rounds on Friday, talking to the media and insisting that Inter “are the best that can be aspired to” and warns players “must convince us that they’re worthy” of the Nerazzurri, not vice versa.

Diego Costa will be the subject of discussion when AC Milan meet up with Jorge Mendes.

The agent spoke with Milan directors Marco Fassone and Massimiliano Mirabelli briefly in Cardiff prior to the Champions League final and further talks are planned this week.

Chelsea coach Antonio Conte has been asked to earmark players to sell ahead of bringing others in and Costa is the most high profile sacrifice as the club look to broker a British record deal with Everton for Romelu Lukaku.

Costa’s decision to go public with Conte’s choice to sell him will not help Chelsea as they look to sell the 28-year-old for the highest price.