La Repubblica again claims Silvio Berlusconi agreed to sell 25 per cent of Milan to Thai investor Bee Taechaubol.
The reports had been dismissed by Taechaubol last month, but re-appeared in this morning’s edition of La Repubblica newspaper.
It is suggested President Berlusconi had a meeting with Taechaubol on Thursday and signed a second document after the letter of intent.
The initial deal would be to buy 25 per cent of the club for €250m, paving the way for him to eventually take over a majority share in four or five years.
Taechaubol would maintain current joint CEOs Barbara Berlusconi and Adriano Galliani in their places.
The main target to become Coach would be Vincenzo Montella of Fiorentina.
Berlusconi's company Fininvest again released a statement insisting they would "not comment on further rumours."