| IN | FROM | FEE | SOURCE |
| Ronaldo | Real Madrid | €7.5m + €500,000 if Milan qualify for Champions League at start of 2008/09 | Galliani quotes |
| Massimo Oddo | Lazio | €7.75m + Pasquale Foggia | acmilan.com |
| Leandro Grimi | Racing Club | €2.5m | Milan accounts |
| Marco Storari | Messina | €1.2m | Milan accounts |
| OUT | TO | FEE | SOURCE |
| Pasquale Foggia | Lazio | Part of the Oddo deal, valued at €3m | Milan accounts |
AC Milan finance 