Bee Taechaubol has reportedly found two Chinese investors to help his efforts to buy 48 per cent of Milan.
The Thai has been in talks with the Rossoneri for a €480m acquisition since the summer, but the lengthy delay led to recent reports that it may be a scam.
However, Corriere della Sera writes today that on Monday there was a meeting in Peking between Mr Bee, Federico Bazzoni of Citic Securities and other investors.
The newspaper believes that there are two important Chinese institutions, one a holding company and the other in the consumer goods sector, interested in investing in Milan.
The paper also points out that Citic Securities is a different business to Citic Capital, the company that has just entered talks for a €400m investment in Manchester City.