AC Milan owner Silvio Berlusconi is set for fresh talks with Bee Taechaubol next week.

Radio 24 reports 'Mr Bee' is fronting an investment fund based in Singapore and Thailand which is in negotiations about buying a minority stake in Milan.

The consortium have already performed due diligence and a meeting will be held next week, headed by Mr Bee, to take the purchase further forward.

The initial agreement will be for a minority stake, with targets set to trigger an eventual majority purchase.

Berlusconi expects to raise €300 million from the initial minority stake sale.