Gianluigi Donnarumma Will Not Renew AC Milan Contract

AC Milan have announced burgeoning superstar Gianluigi Donnarumma will not renew his contract to stay at the San Siro.

According to Football Italia, Milan CEO Marco Fassone told a press conference the goalkeeper has made a decision.

Fassone said:

"I preferred rather than to release a statement, considering the focus on the so-called Donnarumma case, that I would update you immediately on the meeting I just had a few minutes ago with Mino Raiola.

"Raiola informed us that Donnarumma has made a definitive decision not to renew the contract with Milan. It is a definitive decision, made by the player. I want to remind you all that 10 days ago (director Massimiliano) Mirabelli made a very important proposal to the player, one even stronger than the reports that appeared in the various papers.

"The player evaluated it and made some evaluations that were not just economic, but also technical and professional, and he told us that he does not wish to renew the contract, so his time with Milan will therefore conclude by June 30, 2018.

"We were taken by surprise, as we had confidently hoped Donnarumma would be the goalkeeper taking Milan into the future that we could build the team around. We trust that we can do our best. Naturally, the decision leaves a bitter taste in the mouth, but now we have to go forward and Milan go forward."

Donnarumma is the most wanted stopper on the planet, and the news of his expected exit will spark a scramble between Europe's elite clubs.

The teenager has established himself as Milan's No. 1, and he is the heir apparent to Gianluigi Buffon for the Italy national team.

Donnarumma achieved 12 clean sheets in 38 Serie A appearances last term, according to Squawka.

The latest news could be the primary transfer story of the summer if the top sides in Spain and England chase the teenager in the coming weeks.