Defending Champions League winners Milan were dumped out of the competition last week by Arsenal.
"You can say that the Premier League is not only the best for this season but for what its teams have done over the last few years in [Liverpool and Arsenal] reaching the final," said the Milan midfielder Kaka. "We can say they are the best league."
The Milan defender Alessandro Nesta agreed.
"At the moment, only the top three clubs in Italy can compete in financial terms with teams from the Premier League. They have the best players and, as a consequence, the best league."