90min: Renewals, sales and signings – Investcorp’s possible summer strategy

By Oliver Fisher -

AC Milan are in a fight for two trophies but planning for a vital summer transfer window is underway, and it could take on extra impetus from a takeover.

90min talks about how the negotiations between Investcorp and Elliott Management over the acquisition of Milan are ongoing and this raises questions about the future of the most important players and also new protagonists that could arrive.

Renewals: After losing Donnarumma, Calhanoglu plus almost certainly Kessie and Romagnoli, there needs to be a change in strategy regarding contract extensions. Theo Hernandez and Gabbia were recently tied down until 2026, while the renewals of Pierre Kalulu, Ismael Bennacer and Rafael Leao are expected with pay rises. Getting those extensions done could be an important and fast indication of intent regarding the project.

Looking at the staff, Paolo Maldini and Ricky Massara’s contracts are due to expire in June and they are waiting for developments on their situation. The same goes for Stefano Pioli who renewed until June 2023 with option for another year, and if he wins a trophy he will ask for another well-earned pay rise.

Departures and arrivals: Alessio Romagnoli, Zlatan Ibrahimovic, Franck Kessie, Alessandro Florenzi and Junior Messias are all destined to leave as things stand and the latter two are fighting to have their loans made permanent, with no decision made yet. Rade Krunic and Samu Castillejo could leave as they are no longer part of the plans.

Alessandro Plizzari, Tommaso Pobega, Yacine Adli and Lorenzo Colombo have all been out on loan and will return to base where their future will be evaluated, with Adli the only one virtually certain to stay.

Defender: Pierre Kalulu’s rise means there is less pressure to sign someone, but Sven Botman should still arrive to join Fikayo Tomori, Matteo Gabbia and Simon Kjaer. Negotiations with Lille have been at an advanced stage for months and it seems that he will be Milan’s first signing. On the flanks Theo Hernandez and Davide Calabria are sure of a spot, but their deputies are unknown and depend on potential outgoings.

Midfield: Pobega and Adli will join Krunic (if he stays) as possible depth options for the starting double pivot of Ismael Bennacer and Sandro Tonali. The feeling is that another quality midfielder may arrive, but their profile will probably be a consequence of how the management decide to reinforce the attack.

Attack: Speaking of the attack, Ante Rebic and Rafael Leao give two solid left wing options but Alexis Saelemaekers and Junior Messias have not been up to par, so the name of Domenico Berardi has been insistently mentioned and he could well arrive.

Brahim Diaz has also not performed well as the playmaker but so another playmaker in addition to Adli could well be on the agenda. For the striker role, Milan seem to be well advanced in negotiations over Divock Origi to replace Ibra and help Giroud out.

It is expected that 4-5 targeted signings are enough to ensure that the Rossoneri can contend strongly for the Scudetto again next year, and under Investcorp their could be the resources to go a bit beyond what Elliott Management were willing to spend.

Tags AC Milan Divock Origi Sven Botman


  1. Botman – €30M
    Sanches – €25M
    Kamara – Free
    Berardi – €30M
    Isak – €80M
    Nkuku – €80M
    Bremer – €15M + Pobega
    Origi – Free

    Total – €260M Spent of the €300M

    Balance of the €40M to be spent on deputies for the RB/LB/RW position. Maybe a back-up veteran GK.

    Keep Diaz for one more year as a deputy with Nkuku. Starting XI:


    1. Agree but for striker i prefer Sebastien Haller, Darwin Nunez, or even Haaland. Then it would be new level for the team.

    2. I don’t see us spending even 200m even though this takeover will go through. We still have to follow the fifa fairplay rules even though Man City and PSG seem to be able to avoid it cuz of some Fifa inside politics. I would much rather see us keep making smart signings and be little bit for flexible on extending the contracts in order to not lose players on the free. Maybe implement the 1 more year extension rule like Chelsea do

    3. No way! I prefer:
      Mbappe or Haaland
      Aymeric Laporte
      Kevin de bruyne
      Ngolo Kante
      Mahrez or Salah

      Sell Salaemakaers, Rebic, Renew Kessie and sell right away[same with Romag] plus the 300 million should be enough in fifa 22 I think for the above purchases.

    4. You can’t even spend €260 million in video games. I doubt the budget is more than €100 million, even with the takeover.

  2. Botman yes!R.S no unjury prone and last year of contract not worth 25m!Kamara yes just need to paid agent commission and one litle signing bonus for Kamara!Berardi yes for 25m!Isak 80m big not worth better spend on Nunez!Nkuku yes for 65 to 75m!Bremer if we are going for Botman no to Bremer but if we change from Botman to Bremer give the money only no inclusion of Pobega!Send Diaz back and bring CDK!

  3. There should be mixed feelings about this transaction. We already have a bad experience. Crazy spending without any results. The most important thing would be continuity. Gazidis has made a great job signing a lot of sponsorships. Maldini and his team spent wisely to create a competitive squad. Pioli, despite his limitations, managed well the players. There should be an organic balanced growth, without jumping steps of improvement. Spending big is very risky and back fires. There should be sustainable growth. We don’t want to be like Inter.

  4. Rebic has not been a solid left wing option in a very long while. Brahim is a ghost, the right wing is one of the weakest I’ve ever seen in a Milan team; Leao pretty much plays alone and to make matters worse he is very talented but also inconsistent. I don’t know how some people honestly believe a team that plays with 10 or 9 players every game can win anything despite what the standings show. Pioli has truly gotten the best out of the squad he has. If Milan wins the scudetto is going to be a one in a lifetime thing with the attack we have.

  5. haha… this mini FM is so funny, but let just entertain it.. 300m:

    1. RW/CF, i’ll go for CR7 (25m) MU get him with 19m, don’t suit Rangnick policy, MU is sinking, he himself want only Milan b4 he know Hongyong is a spank

    2. ST, Lewy (30m) want new challenge, last year contract, or Darwin Nunez (50m) absolutly NO Isak (80m)

    3. AMC, Bernardo Silva (50m) too many players in that pos @City, he is on the market last summer.. or maybe Messi since he is unsetle @PSG

    4. CM, Kante (25m) Abramovic is sinking, all the oldies @Che is transferable, or SMS (75m)

    yes, i’m fan of 2007 Milan oldies, Serie A is slower league so we need players with brain, that’s why the league best players in every pos is the oldies.
    Kaka is not real Kaka without the Old Maldini &co

    to everyone who crying for wonderkids, do you remember Pato (the next R9), MU Anderson (SAF “he’s Kaka+Gerrard combine”), Adriano (Zlatan “strongest young striker ever”), Fabregas, J. Rodriguez, Odegaard etc,
    young CR7 without MU’s Cls’92 what it’ll be?
    young Messi without R10, Xavi, Puyol?

    we’ve Leao, Kalulu, Theo & other youngster i think is enough, i don’t want Milan 2be new Arsenal / new Dortmund / Monaco / Lipzig / other feeder club without trophy

  6. Botman would be a waste of 1/3 of the budget. A backup CB is needed, not a starter. CF and RW are the priority. CFs aren’t cheap. I wouldn’t mind Ronaldo, he’s more mobile than Giroud and rarely gets injured.

    1. After disastrous lose because 2 our CB tired and flip, we need starter CB like botman or bremer. Just get rid Romagnoli. Starter CB Will make them compete for starting spot

  7. Botman 30m euro
    Antony 40m euro
    Charles deketel 30m euro
    Origi Free transfer
    Total cost 100m euro
    Incase Ibra out ,we can get belotti free transfer for his replacement
    We can get more budget from our selling player like hauge,Duarte,castilejo,caldara,ballo Toure to fund LB back up like parisi or Cambiasso. If we are young to sell rebic due to his injury prone then his replacement better noalang or Dominik szobo ( cost 20-30m euro with salary 3m euro nett/years). AMF should be adili and Charles,return brahim to real Madrid. Double pivot should be tonali,bennacer,pobega,krunic.If we can sell trash lord saladmaker (2300 minute play with 2 goal) then this Mercato Will be perfect

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