Milan have formally pulled out of their deal with Porto for Jackson Martinez, as he’s heading to Atletico Madrid.
CEO Adriano Galliani had already hinted at the collapse of the transfer, which had been agreed last week for his €35m release clause.
It was confirmed this afternoon with a note on Milan Channel, the official club television station.
The Rossoneri would not complete the move without a medical, but the player is currently in Chile for the Copa America with Colombia.
Taking advantage of the delay, Atletico Madrid stepped in and were prepared to sign the paperwork before a medical.
“If we save €40m on Geoffrey Kondogbia and €35m on Jackson Martinez, we’ll have another €75m to spend wisely over the rest of the transfer window,” Galliani told La Gazzetta dello Sport.
“Whether that’s a good or a bad thing, only time will tell…”