Arsenal issue a statement denying chief executive Ivan Gazidis is set to leave to join Milan.
It follows reports by Sky this morning, as well as numerous Italian news outlets over the last week, that the 53-year-old would be joining the Rossoneri as CEO.
The San Siro giants are in the midst of a major overhaul at boardroom level, with Elliott Management taking over the ownership of the club and appointing Leonardo as general manager.
Previous general manager Marco Fassone has been sacked, along with former sporting director Massimiliano Mirabelli.
Arsenal issue a statement denying chief executive Ivan Gazidis is set to leave to join Milan.
It follows reports by Sky this morning, as well as numerous Italian news outlets over the last week, that the 53-year-old would be joining the Rossoneri as CEO.
The San Siro giants are in the midst of a major overhaul at boardroom level, with Elliott Management taking over the ownership of the club and appointing Leonardo as general manager.
Previous general manager Marco Fassone has been sacked, along with former sporting director Massimiliano Mirabelli.
And Gazidis is rumoured to be on his way to Italy as CEO, with Umberto Gandini tipped to move from Roma to assist him.
However, the English Premier League club have now issued a statement via their official website in an attempt to quash the speculaton.
“We are aware of the speculation surrounding our chief execuative Ivan Gazidis,” Arsenal chairman Sir Chips Keswick began.
“We know he receives many offers from organisations inside and outside the game as he’s a hugely respected figure.
“He has never accepted these opportunities and has never spoken about them publically.
“He has always been fully committed to taking Arsenal forward and is currently working hard in Singapore with our new head coach Unai Emery as we prepare for the new season.”