AC Milan coach Gennaro Gattuso was on Thursday handed a one-game touchline ban for angrily confronting the referee after his side's Italian Super Cup final defeat to Juventus in Saudi Arabia midweek.

AC Milan striker Gonzalo Higuain has "agreed terms" and is set for an imminent move to Premier League club Chelsea, Italian sports daily Gazzetta Dello Sport reported on Wednesday.

AC Milan risk being excluded from European competition in the coming seasons if the club fails to "break even" after falling foul of Financial Fair Play (FFP) regulations, UEFA announced Friday.

Zlatan Ibrahimovic will not be leaving LA Galaxy to return to AC Milan, the Italian club's sporting director Leonardo said on Sunday, although they are studying the possibility of signing Chelsea midfielder Cesc Fabregas.

AC Milan's former owner Li Yonghong wanted to sign Cristiano Ronaldo a year before the five-time Ballon d'Or winner joined Juventus but was persuaded they could not afford him, ex-club chief executive Marco Fassone said on Tuesday.

Croatian international defender Ivan Strinic has been given the all clear to return to training after being diagnosed with a heart condition, his Serie A club AC Milan confirmed on Thursday.

On-loan AC Milan striker Gonzalo Higuain apologised for his meltdown in the 2-0 defeat to his parent club Juventus on Sunday which saw him sent off for screaming at the referee after earlier missing a penalty.

AC Milan have beaten Liverpool and Paris Saint-Germain in the race to sign Brazilian midfielder Lucas Paqueta, according to press reports in Italy on Thursday.

France international Tiemoue Bakayoko has signed on loan for AC Milan, the resurgent Serie A side announced on Monday, bringing an end to the midfielder's frustrating spell at Chelsea.

Argentina striker Gonzalo Higuain on Thursday moved to AC Milan in a three-player swap deal between the seven-time European champions and Juventus that will see Leonardo Bonucci return to Turin after just a season away.

Alexis Sanchez was on target as Manchester United defeated AC Milan on penalties in their International Champions Cup friendly here Wednesday.

AC Milan's senior executives were at the world's top sports court on Thursday fighting to overturn a European ban for breaking UEFA's financial fair play rules.