Nicola Cortese has resigned as Southampton executive chairman and is heavily linked with a move to Milan.
The news of Cortese’s interest in a job within Milan’s new club structure emerged over the last few days and has been gaining traction.
It received a huge boost this evening Southampton releasing a statement confirming Cortese’s exit.
"With great regret we have accepted the resignation of Mr Cortese,” announced owner Katharina Liebherr.
Cortese is a former banker who helped negotiate the club’s purchase in 2009.
Milan are already undergoing massive changes at the moment, as tomorrow new Coach Clarence Seedorf will take over after flying in from Brazil, where he terminated his playing career.
He replaces sacked Coach Massimiliano Allegri, while director Ariedo Braida also left on January 1 after 20 years at San Siro.
CEO Adriano Galliani was recently downgraded to joint-CEO with Barbara Berlusconi, the daughter of President Silvio Berlusconi.