The same characters are in play. It's Mario Balotelli, Robinho and Alessio Cerci.
Balotelli was recently linked with Liverpool, as per Italian outlet Sport Mediaset (via Football Italia), Robinho to Dubai, as per Italian paper Tuttosport (via Football Italia) and Cerci—well, he's still staying put.
But there's someone new in the mix. Pepe Reina is the 31-year-old goalkeeper that AC Milan want.
Reina still has a two-year contract with Liverpool, but according to reports in Italy (h/t Bruce Archer of the Daily Star), Reina could try to terminate his deal with the Merseyside club and opt for Serie A once again. Reina had a good season on loan at Napoli in 2013-14, and he was the first to save a professional penalty kick from Balotelli.
But like many other players, it is his wages—demands at around £100,000 a week—that "put off" the Rossoneri, as per Jack De Menezes of The Independent.
Here's a look at the transfers that probably won't happen for Milan.