Milan are prepared to risk losing Andrea Pirlo by holding off from talks regarding a new contract.
The 31-year-old's existing deal runs out at the end of the season.
La Gazzetta dello Sport understands Inter, Juventus, Barcelona and Real Madrid are all interested.
Adriano Galliani has decided to wait until April to discuss the futures of nine Milan players.
Pirlo's agent Tullio Tinti has already sought to open negotiations but to no avail.
The Italy international currently earns €5m a year, although bonuses to reward qualifying for the Champions League or winning the Scudetto mean it can rise to €7m.
As it stands, this deal no longer tallies with Milan's efforts to reduce their wage bill and Galliani will try and persuade Pirlo to take a pay cut.