Milan have not given up hope of signing Seville striker Luis Fabiano.
The Rossoneri have already seen one bid for the Brazil international rejected by the Spanish side, but Milan executive president Adriano Galliani admits the Italians are still hopeful an agreement can be reached.
“We made an offer that we considered to be correct,” said Galliani on Fifa’s official website.
“If the Sevilla president (Jose Maria Del Nido) considers our €14million (£12.1m) offer to be ridiculous, lucky him.
“The negotiations will continue even though there is a gap from the asking price and our offer. We shall see.”