Milan have officially taken full ownership of Stephan El Shaarawy, sending Alexander Merkel to Genoa.
The two players had been co-owned between the clubs, but negotiations reached a conclusion today.
The Rossoneri had already bought out half of El Shaarawy’s contract for around €7m plus half of Merkel last summer and now own the ‘Little Pharaoh’ outright.
The sum paid to complete the 19-year-old's transfer was not disclosed.
Meanwhile, Milan renewed their co-ownership deal with Genoa for Giacomo Beretta, with Torino for Gianmario Comi and Simone Verdi and with Pescara for Simone Romagnoli.
All co-ownership deals must be either renewed or resolved by Friday at 18.00 UK time or go to a blind auction.
This is when both clubs put a figure in a sealed envelope and the highest bid wins the remaining 50 per cent of the player.
Among the biggest players whose future is still to be decided, Parma and Juventus haven’t reached an agreement on Sebastian Giovinco.