While the Rossoneri want the Italian star, they won't take him for the initial price they agreed upon with the Reds. According to ESPN UK, Liverpool will have to renegotiate with the Serie A runner-ups if they are to offload the 27-year-old:
"Milan still have the option to action the transfer for the same amount before the end of the month, but vice-president Adriano Galliani has stated they will not be pursuing the deal at that price.
"We will not use our option to buy Aquilani before May 31," Galliani said. "We will re-open talks with Liverpool in June, though."
Things in Merseyside aren't too grand at the moment. Both manager Kenny Dalglish and director of football operations Damien Comolli were sacked, and they now look to fill two roles in addition to making a splash in the transfer market.
The Reds must be patient with a few of the big-name players they've acquired in recent seasons, but they are far from a perfect club and do need some reinforcements.
Thus, there is no point in haggling too long over the price of Alberto Aquilani. The Italian has failed to make an impact at Anfield and has been on loan for the past two years. He played better a year ago with Juventus, but battled injuries didn't make much of an impact with the Rossoneri this season. They'd be foolish to pay the full £6.4 million fee they'd initially agreed upon.
Liverpool don't have time to worry about a player that is unlikely to ever factor into their side. It is unfortunate that they paid £17 million to get him, but he's made only 28 career appearances in Red.
Like they did with Kenny and Damien, it is time to cut their losses.
Ironically enough, Aquilani was left out of the Italian Euro 2012 Cup squad and won't get a chance to show Liverpool or AC Milan anything more.
The Reds are going to continue their search for a manager, football director and other players, and they shouldn't waste any more time on Aquilani. If they find a fair deal, send him on his way.