New AC Milan chief exec Ivan Gazidis has been told to cut all ties with former club Arsenal.

Indeed, so much so that Sportmediaset reports the 54-year-old will be fined £90 every time he speaks about Arsenal.

The ex-Arsenal supremo is reportedly on a WHOPPING £3.6million a year for the Italian Job.

However, it seems as though he will be parting ways with much of his cash as he settles in to life in Milan.

Gazidis will be responsible for looking after the club's finances just as he was in North London.