Milan turned down the chance to sign Juventus and Italy stopper Giorgio Chiellini while he was at Livorno.
“I dined with Milan boss Massimiliano Allegri, Vice-President Adriano Galliani and Napoli President Aurelio De Laurentiis on Saturday,” Livorno chief Aldo Spinelli told Radio RAI.
“Talking to Galliani, we remembered when he didn’t want to spend €4m for my Chiellini who was with us at the time.
“We had a little laugh…”
The centre-back, who started his career as a left-back, was netted by Juventus in the summer of 2004 from Livorno.
He spent the 2004-05 campaign on loan at Fiorentina before moving to Turin the season after.
Chiellini, a Scudetto winner with the Old Lady, has won 57 caps for his country.