With the season drawing to a close, AC Milan are already looking ahead to the summer transfer window. Sporting director Igli Tare faces a demanding but potentially very lucrative task: managing the buy-out clauses of players currently out on loan — an operation that could bring up to €60 million into the Rossoneri’s coffers, funds that would be invaluable for reinvestment in incoming transfers.
Three Buy-Outs to Watch: Musa, Chukwueze and Bennacer
The most significant figures involve three players whose futures remain to be resolved:
- Yunus Musa (on loan at Atalanta): the buy-out clause is set at around €24 million, but La Dea have already indicated they will not exercise it — a potentially significant loss for Milan.
- Samuel Chukwueze (at Fulham): the Nigerian forward is also subject to a buy-out of around €24 million. However, the London club are pushing for a discount, and negotiations will be needed — a challenge for Milan’s management to handle without devaluing the asset too heavily.
- Ismael Bennacer (at Dinamo Zagreb): the Algerian midfielder could return €10 million, but the chances of the Croatian club — led by Zvonimir Boban — exercising the buy-out are currently very slim.
Already Secured: Colombo, Alex Jiménez, Morata and Others
Not everything is uncertain: Milan can already count on several near-confirmed incoming fees. The buy-out of Lorenzo Colombo by Genoa — set at around €10 million — is considered virtually done. The buy-outs of Alex Jiménez from Bournemouth and Álvaro Morata have also already been confirmed. Additional income will come from Tommaso Pobega and the €3.5 million tied to Filippo Terracciano, the latter depending on Cremonese retaining their Serie A status.
Outgoing Transfers: Fofana, Loftus-Cheek and Estupiñán in Focus
Alongside buy-outs, Milan will also need to work on direct sales of certain squad members. Names such as Youssouf Fofana, Ruben Loftus-Cheek and Pervis Estupiñán could leave Milanello this summer, helping to build the war chest needed to bring in quality reinforcements.
The Milan Model: Capital Gains and Smart Management
The Rossoneri do not have the unlimited budgets of clubs like PSG, Real Madrid or Manchester City, but they have shown in recent years that they can work with intelligence and planning. A prime example is the sale of Noah Okafor last season: the Swiss forward, purchased for around €15 million, was sold generating a profit of approximately €20 million, despite an inconsistent spell that included a loan to Napoli.
This is the model that Tare and Milan’s management want to replicate: buy smart, add value, and sell at the right time. If the buy-out operations go as hoped — or at least partially — Milan could enter the summer with a cash reserve of between €50 and €60 million, more than enough to make meaningful moves in the market and strengthen the squad available to the head coach.
