According to Sky Sport Italia, Milan have opened up a €15m budget to buy a new midfielder.
The decision was given the all-clear by both President Silvio Berlusconi's company Fininvest and Marco Fassone, who is acting as representative for the Chinese conglomerate.
The club is in the process of a takeover by Chinese investors, which should be completed in November.
Delays in negotiations have held up the transfer campaign so far this summer.
According to Sky Sport Italia, Milan have opened up a €15m budget to buy a new midfielder.
The decision was given the all-clear by both President Silvio Berlusconi's company Fininvest and Marco Fassone, who is acting as representative for the Chinese conglomerate.
The club is in the process of a takeover by Chinese investors, which should be completed in November.
Delays in negotiations have held up the transfer campaign so far this summer.
Sky Sport Italia claim the €15m budget is for a midfield reinforcement, but not necessarily current targets Jose Sosa or Milan Badelj.
CEO Adriano Galliani had requested extra funds today, as the €30m sale of Carlos Bacca to West Ham United has still not gone through.