Milan are reportedly weighing up a €40m bid for Real Madrid midfielder Dani Ceballos, as exclusion from the Europa League gives them a bit more freedom on the transfer market.
According to both the Corriere della Sera and La Repubblica, the Rossoneri have set their sights on the Spanish U21 starlet and are willing to spend €40m to sign him.
The Diavolo had a little more leeway regarding their Financial Fair Play violations after they agreed to miss out on European competition this coming season and could potentially splash the cash on the 22-year-old.
The Real Betis youth team product joined Los Blancos for €16.5m in 2017, but he has failed to earn a regular starting place during his spell at the Santiago Bernabeu.
Elliot Management will end the 2018-2019 financial year between €90m-€100m in the red, and they will have to get that down to €30m by next season.
However, there is no immediate need to sell off their prized asset Gianluigi Donnarumma, who is wanted by Paris Saint-Germain, and they could potentially be able to make at least one big money signing this summer.