AC Milan Transfer News: Tracking Latest Rumours, Updates & Signings

Manchester City's out of favor star Mario Balotelli
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Last Update: January 29, 2013.

AC Milan already has done one big bit of business with their sale of Alexandre Pato to Corinthians early on in the January transfer window.

The up-and-coming youngster Stephan El Shaarawy continues to make his case for the permanent first team striker, but there are rumors that he could be getting a new strike partner before the end of the month.

Additionally, two legendary midfielders have been linked with the club this week and it will be interesting to see just how it all plays out.

Frank Lampard

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Chelsea veteran midfielder Frank Lampard continues to show the fans at Stamford Bridge that he still has it, but his club appears to be done with their super No. 8.

According to the Express it appears that the player is torn between the Los Angeles Galaxy of Major League Soccer or Italian giants AC Milan.

The Milanese giants have a history of picking out veteran midfielders to bring to the club, and Lampard could fancy a move to one of Southern Europe's best cities.

Tim Krul and Davide Santon

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The Mirror has linked Newcastle pair Tim Krul and Davide Santon with moves to AC Milan. Santon was a product of Inter Milan and a move for him could see some bad blood.

Both players are contracted for the foreseeable future to Newcastle at the moment and there is belief that the Rossoneri are not financially prepared to pay the asking fees of both, but could try and negotiate summer-time deals.

Mario Balotelli

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AC Milan's sale of Alexandre Pato in the opening week of the transfer window have seen them take on the task of filling the Brazilian's boots.

Manchester City outcast Mario Balotelli has been linked with the Rossoneri for the majority of the window and he is believed to be on his way out if the Italians will pay the £22 million asking price.

The Independent reported that City were being asked to lower the fee, but conflicting reports from the Telegraph have claimed that Milan will indeed pay the full asking price.

Kaka

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According to Goal.com, discussions with Real Madrid over the return of Kaka to the San Siro have fallen apart.

Since his move away from Italy, the Brazilian midfield-maestro has struggled to stay healthy and to stay at the top of his game in Spain.

A return to Milan could see him have more of an opportunity to exert his skill on the play, but the financial aspect of the move looks to be more than even reports from ESPN may know.

Cristian Zaccardo Update 1/26/2013

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It was confirmed by Goal.com that Cristian Zaccardo joined AC Milan over the weekend after completing a medical on Friday afternoon.

The 31-year-old is expected to be a utility player that can play either in the heart of the back line or as a holding defensive midfielder as is needed with the ever changing formations of the Rossoneri.

In many cases, this is not truly a signing that many Milan fans were likely to have been hoping to see.

Mario Balotelli Update 1/28/2013

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Mario Balotelli looks even more likely to be staying at Manchester City as both BBC Sports and Sky Sports confirm that manager Roberto Mancini has stood firm on his decision to keep the player for the time being.

However, BBC writer David Ornstein has also noted that Juventus are believed to have expressed interest in the player.

The Serie A champions could be attempting a last minute effort to sign the Italian international and could incite a bidding war that makes City consider their options.

Antonio Nocerino

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According to reports from Goal.com, AC Milan midfielder Antonio Nocerino claims that he is, "...happy at Milan..."

In an interview quoted by Goal's Stefan Coerts, the 27-year-old player is set to remain at the San Siro for the Rossoneri despite any rumors linking him with an exit:

I am happy at Milan. I do not think that I will leave this winter. We will evaluate my situation at the end of the season.

The midfielder did admit, though, that he could be on the move if Milan opt to put him up for sale.

Then again, if the club decide to sell me, we would have to sit down and discuss what's best for all of us.

Rumors that he was headed to Napoli this January appear to have been little more than food for the press.

Mario Balotelli Fee Agreed 1/29/2013

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According to Bleacher Report's Tim Daniels and sources Goal.com's Greg Stobart a fee of £20 million has been agreed between Manchester City and AC Milan for the sale of Mario Balotelli.

After reports had suggested that the player was not going to be leaving City in the near future, this news has shocked much of the transfer market.

AC Milan will be getting an obvious talent in Balotelli, but it remains to be seen how much his off-field issues affect his second time at the San Siro.

Inter Milan fans will not be happy to see the former Nerazzurri change his stripes to those of the Rossoneri.