Zlatan Ibrahimovic has turned down AC Milan's opening contract offer.
Now a free agent from LA Galaxy, the 38 year-old striker is in negotiations about a second spell with the Rossonero.
Milan have offered a €6m contract for 18 months, but it falls short of what Ibrahimovic was expecting, says Corriere dello Sport.
Milan directors Zvonimir Boban and Paolo Maldini remain hopeful of bringing back Ibra - but will not break the bank to do so.
The veteran is also in talks with Bologna.