Davide Lippi, the son of the club's coach Marcello Lippi, is involved in negotiations.
"Milan are set to release a statement on this," Davide Lippi told Sky Sport Italia television.
"Guangzhou Evergrande are an important figure on the Chinese stage and Milan want to collaborate with them.
"The President of the Chinese club will tour Europe starting from December and I will certainly accompany him in Italy.
"Initially it will be a meeting and a commercial rapport, but we cannot know what could happen in future."