Singaporean businessman Peter Lim is ready to offer €300m for a 51 per cent stake in Milan.
Spanish newspaper AS report that the 60-year-old tycoon met with Adriano Galliani last week to discuss investing in the club.
CEO Barbara Berlusconi admitted that the Rossoneri were open to foreign investment, but didn’t want to sell any more than 30 per cent of shares.
Lim however, would like a majority share in the San Siro outfit, and has tabled €300m for just over half.
The Madrid-based sports daily writes that Galliani will meet with the 60-year-old again in the hope of negotiating a more favourable deal for the Berlusconi family.
Lim has previously tried to buy both Liverpool and Valencia, but failed on each occasion. He is, according to Forbes, worth an estimated $2.35bn.