AC Milan were one of the busiest clubs in Serie A when it comes to the sheer amount of business they did in the summer window.
Read SempreMilan ad-free and get access to exclusive news. Click here for a free trial!
Looking at the Serie A stats for some important context, there were more than 170 new signings across the league, 72 of which were loans. Cremonese were the club with the most arrivals as they welcomed 16 new faces, while they also allowed 31 players to leave, with 17 being loan deals.
Where are Milan among this? Well, the Rossoneri generated €155m from exits in the 2025 summer window, the most of any team in the Italian top flight. In total, 22 players left, with 10 going out on loan (as per Transfermarkt).
Igli Tare and co. also spent the most in the league, with €159m invested on 11 new signings. Ardon Jashari and Christopher Nkunku were the two most expensive at north of €35m, while the overall net spend is €4m.
Smaller squad and regrets
With the club not playing in European competitions, Massimiliano Allegri requested a smaller squad and was granted his request, with the club now down to just 19 outfield players and three goalkeepers.
Despite the smaller group of players, the wage bill has increased by 10%. Moreover, the average age of new signings has also risen to 26.5 years, a figure that is admittedly largely impacted by the addition of a 39-year-old Luka Modric.
The regrets concern the experienced defender that Allegri had requested, one that unfortunately never arrived. The coach did gain a promising youngster in David Odogu, though it remains to be seen whether he can contribute any time soon.
It’s no secret that one of Milan’s aims was to acquire a Giroud-style centre-forward, so much so that they tried until the very end to finalise a Gimenez-Dovbyk swap with Roma, but even then the desired reinforcement never materialised.
The fact remains that in Europe – excluding English clubs – only two teams have invested more than Milan in this summer transfer window: Atlético Madrid and Bayer Leverkusen.
Not everyone is a big admirer of the business that the directors did, though, such as journalist and lawyer Felice Raimondo who had some strong words.
“2025/26 Transfer Market: AC Milan’s crazy RedBird-branded carousel. Lots of player trading, but no logic: exactly what I would have expected from Tare.
“[…] The impression is that with this club, you can’t plan a transfer market based on predefined tactical ideas: whatever the market offers arrives, then you, the manager, have to adapt. Don’t give me a shopping list: I’ll go to the transfer market, buy what I can, and then you have to cook me dinner. Clear?”