Milan have taken in more from transfers to the big five League clubs in the last five years than any other Italian side.
The Football Observatory released its findings on sales since 2008-09 to the major tournaments in Europe – Italy, Spain, England, Germany and France.
Tottenham made more from transfers than anyone else during that period, taking in €322.1m of revenue.
They were surprisingly followed by Real Madrid with €303.7m, Porto on €282.7m, Liverpool €239.8m and Milan in fifth place with €229.5m.
Inter were in sixth with €224.9m and Udinese seventh on €220m, while Roma were in ninth on €203.4m.
Juventus only made €138m from transfers over the last five years.