Milan are close to reaching an agreement with UEFA over not playing in next season’s Europa League – and a statement could follow on Wednesday.

Several major outlets are reporting the story, among them Corriere della Sera, which explains the compromise satisfies UEFA and gives Milan more time to balance their books.

Milan are close to reaching an agreement with UEFA over not playing in next season’s Europa League – and a statement could follow on Wednesday.

Several major outlets are reporting the story, among them Corriere della Sera, which explains the compromise satisfies UEFA and gives Milan more time to balance their books.

UEFA has already suspended proceedings against the Rossoneri over Financial Fair Play until after their ongoing appeal to the Court of Arbitration for Sport (CAS) from last year is resolved.

It then emerged that the Diavolo had no hearing scheduled with CAS before August 14, effectively confirming their availability for the Europa League group stage.

However, the newspaper writes the club have instead used the time to engage in ‘diplomatic work’, the result of which is an ‘all-inclusive’ punishment that covers the periods 2014-17 and 2015-18.

If accepted, Torino should replace Milan as Italy’s third Europa League representative, with Roma being admitted directly to the group stage.

Milan News concludes UEFA will make an official announcement on the matter tomorrow.

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