As we head towards the end of the season, the situation regarding various players out on loan is beginning to become clearer.
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As La Gazzetta dello Sport report, in a couple of months Milan could be diving into ‘a golden sea of over €100 million’. This potential figure is the accumulation of the mandatory and optional buy-out clauses of those players currently on loan.
Some deals have already been finalised like Alex Jimenez (€12m), Alvaro Morata (€15m) and Tommaso Pobega (€7m). Others, however, remain unclear and will only be finalised in June. They have broken down the various cases.
Revenues and returns
In Croatia, Ismael Bennacer is having a decent season overall. In mid-March, before the international break, he returned to the field after recovering from a month-and-a-half-long injury. He’s scored one goal and has two assists in 13 appearances with Dinamo Zagreb, who are on course to win the league.
In May, barring any unforeseen circumstances, he’ll lift a trophy before starting to think about a future – one almost certain to be away from Milan – that is still to be written. A €10m buy-out option is at stake.
Warren Bondo is a regular in Cremonese’s midfield, as Davide Nicola never gave up on his dynamism and pace. Giampaolo prefers more technique, and in the meantime, he won his first match against Parma in three months (Bondo was suspended).
Milan invested around €10m in him in the winter of 2025, but the following six months were less than stellar. In the summer, he joined Cremona on loan and will return to Milanello in June. Although, most likely, he will be sent back out again.
Francesco Camarda scored his first Serie A goal in Lecce. Eusebio Di Francesco has always treated him like a second son, throwing him into the fray even in crucial moments. At the end of January, a right shoulder problem forced him to undergo surgery.
He will return in the final month of the season. Lecce’s buy-out option and Milan’s buy-back option (which they will exercise) means that bringing him back to base will cost €1m, a development fee of sorts after a difficult campaign.
In recent weeks, Fulham have let Milan know of their intention to shell out €24m to buy Samuel Chukwueze. This is a huge boon for the Rossoneri, considering Chukwueze is out of Allegri’s plans. However, for now, nothing has been finalised.
The injury situation is one to watch: he’s suffered from calf problems throughout the year, missing five games in both the league and cup competitions. He’s only started seven of them. This is an issue the English club will have to reconsider.
In a matter of weeks, Milan’s coffers will be enriched by €10m as Lorenzo Colombo‘s exit will finally be made positive. After years spent wandering around Italy on loan, Colombo has exploded at Genoa, and he owes a huge thank you to De Rossi, the coach under whom he’s enjoying his best season (6 goals, 2 assists).
Genoa signed him on loan this summer with an obligation to buy if certain conditions are met: five goals overall in all competitions, at least 22 appearances, and most importantly survival. They are six points above the drop, so a cheque for €10m should arrive soon.
At Atalanta, Yunus Musah is a third-choice option. He couldn’t get much playing time with Juric before, and he can’t find it now with Palladino, in a crowded and highly flexible midfield. He scored a goal in the Coppa Italia semi-final against Lazio and another, in vain, in the Serie A defeat to Sassuolo.
This summer, Milan seized a transfer opportunity, snatching a loan with an option to buy for €26m. It is perhaps too much, considering Musah’s value and his performances (five starts in 24 games this season). It’s very unlikely Atalanta will spend that kind of money in June.
Milan will support Cremonese in their relegation battle. Once they reach this goal, they will be required to buy Filippo Terracciano for €3.5m. It is not a huge sum, but certainly an amount that is useful (it covers the Andrej Kostic fee, for example).
His season began with a great debut at San Siro against Milan and a pair of goals in the space of two months against Sassuolo and Udinese. Then, partly due to a drastic decline in the team’s form, Terracciano struggled, despite almost always being irreplaceable for Nicola and for Giampaolo.
Kevin Zeroli, the former captain of Milan’s Primavera team, moved from Monza to Juve Stabia in January on loan. In Campania, he found playing time and consistency, even scoring a goal against Empoli.
He spent the first half of the loan at Monza which wasn’t going to plan, while he been out injured since mid-February and is likely to return to Milan at the end of the season, albeit temporarily. At 21, he still has experience to gain.