The Italian side will look to replace Bonucci with Mattia Caldara from Juventus who will come as a direct replacement.
It is believed that the Rossoneri are close to signing the one-time capped Italian worldwide as part of a sensational swap deal that would see veteran centre-half Leonardo Bonucci return to Juventus only a year later after he had left Turin for Milan.
Seven-times European champions AC Milan have had a series of disappointing seasons since they won their last Serie A title in 2011.
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Caldara is younger and along with [Alessio] Romagnoli and [Daniele] Rugani is part of the best defending trio in Italy.
The Italian global made 319 appearances during seven years at Juventus, but will likely slot straight in at the back to add to that number.
"It's great to see so many fans, but I also want to send greetings to those of Juventus who have given me so much affection", he told reporters.
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"Tomorrow, I will undergo the medicals, and then sign the contract".
"The club have worked very well so far, and now we're waiting for this week of work to end, before going back on the 8th".
An agreement between the two clubs is expected to cover all three transfers in one move.
And the 31-year-old central defender had reportedly made his mind up long before the season ended that a return to Turin would be best for all parties involved.
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