AC Milan president Silvio Berlusconi is seriously considering a Chinese proposal for the club.

Berlusconi has agreed a minority share sale of Milan to Thai businessman Bee Taechaubol.

However, a counter bid from a Chinese consortium is also being considered, says Tuttosport.

Fronting the group is beverage tycoon Zong Quinghou, chairman of Wahaha Group, which has the full support of the Chinese government. Also on the board is Wang Jianlin, chairman of Wanda Group.

Wang is keen to take on Milan's new stadium project.

Also involved are two unidentified Italian businessmen, with close connections to China, and three international banks: the Bank of China, one from Hong Kong and a third Swiss bank.