AC Milan reveals a transfer budget of €50m but plans not to rush

The Italian champions are biding their time in the transfer window but are determined to make vital additions before the deadline on August 31 as they look to challenge in Europe

AC Milan is expected to be given the go-ahead on a transfer kitty worth up to 50 million euros for this summer, as they aim to add a big name signing to their squad before the new season kicks off.

A club source revealed that CEO Adriano Galliani and coach Massimiliano Allegri are determined to bring in a superstar name to boost their squad, but won't rush into anything.
"The club is looking at figures between 35-50 million euros and the majority of this will be used for the market," said the source.
"Once these transfer sums are given the go-ahead from the club chiefs then Milan will start looking to make an assault for their so-called "Mr. X"."
There has been much talk about the club's desire to buy a player of great reputation in midfield, and speculation has increased since Allegri described an 'identikit' target with a striking resemblance to Napoli's Marek Hamsik, but Galliani has since denied that they are aiming to bring the Slovakian in.
Whoever the club have their eye on, however, they won't be making their move for some time yet.
"The club are not planning to make a move until at least the first few weeks of August. This is when they are likely to make a big splash," continued our source.
"Milan will do something big on the market. If they were to go for Hamsik they would likely start talks around August time. And [who they go for] will depend on the budget they are currently working out for the market."
A big offer is unlikely to be made for Standard Liege's Axel Witsel, as the source explained: "Witsel has been cast aside by Allegri. He no longer wants him at Milan, and so there is no chance of his transfer happening at this stage. It seems like the move has fizzled out and he appears likely to remain at Standard."
The Italian champions took a similar approach to the summer transfer window last season, bringing in a number of cheaper signings before splashing out on Zlatan Ibrahimovic and Robinho just before the August deadline.
The club have so far brought in Taye Taiwo, Philippe Mexes and Stephan El Shaarawy since winning the Serie A title for the first time in seven years.