| IN | FROM | FEE | SOURCE |
| Alexandre Pato | Internacional | €23.9m | Milan accounts |
| Emerson | Real Madrid | €5m | La Repubblica |
| Ibrahim Ba | Varese | Free transfer |
| OUT | TO | FEE | SOURCE |
| Massimo Donati | Celtic | €4.5m | Telegraph, CNN |
| Alessandro Matri | Cagliari | €2m for 50% | Milan accounts |
| Ricardo Oliveira | Zaragoza | €2m for season-long loan, right to buy set at €11m | Milan accounts |
| Marco Borriello | Genoa | €1.8m for 50% | Milan accounts |
| Paolo Sammarco | Sampdoria | €1.5m for 50% | Milan accounts |
| Ignazio Abate | Empoli | €900,000 for 50% | Milan accounts |
| Lino Marzorati | Empoli | €750,000 for 50% | Milan accounts |
AC Milan finance 