Milan are offering €18m plus Rodrigo Ely and Jose Mauri in exchange for Palermo's Franco Vazquez, but it may not be sufficient.
With Roma busy rebuilding their defence and negotiating Fiorentina's Milan Badelj, the Rossoneri have been left as the only major club in the running for the Rosanero attacking midfielder.
According to Mediagol.it, Milan consider the price of €25m to be too costly for Vazquez, and are willing to pay a maximum of €18m. However, they'll compound that by including the ownership of Ely and Mauri.
Palermo president Maurizio Zamparini is expected to take a few days to think about it. If he is unhappy with the offer, he will look for buyers to match his terms in the more affluent Premier League.