Milan have officially taken full ownership of Stephan El Shaarawy, sending Alexander Merkel to Genoa.

The two players had been co-owned between the clubs, but negotiations reached a conclusion today.

Milan have officially taken full ownership of Stephan El Shaarawy, sending Alexander Merkel to Genoa.

The two players had been co-owned between the clubs, but negotiations reached a conclusion today.

The Rossoneri had already bought out half of El Shaarawy’s contract for around €7m plus half of Merkel last summer and now own the ‘Little Pharaoh’ outright.

The sum paid to complete the 19-year-old's transfer was not disclosed.

Meanwhile, Milan renewed their co-ownership deal with Genoa for Giacomo Beretta, with Torino for Gianmario Comi and Simone Verdi and with Pescara for Simone Romagnoli.

All co-ownership deals must be either renewed or resolved by Friday at 18.00 UK time or go to a blind auction.

This is when both clubs put a figure in a sealed envelope and the highest bid wins the remaining 50 per cent of the player.

Among the biggest players whose future is still to be decided, Parma and Juventus” data-scaytid=”22″>Juventus haven’t reached an agreement on Sebastian Giovinco.

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