| IN | FROM | FEE | SOURCE |
| Klaas-Jan Huntelaar | Real Madrid | €15m | Milan accounts |
| Ignazio Abate | Torino | €2.55m for second 50% – Milan own outright | Milan accounts |
| Davide Di Gennaro | Genoa | €2.5m | Milan accounts |
| Oguchi Onyewu | Standard Liege | Free transfer | |
| Flavio Roma | Monaco | Free transfer |
| OUT | TO | FEE | SOURCE |
| Kaka | Real Madrid | €67m | Milan accounts |
| Yoann Gourcuff | Bordeaux | €13.6m | Milan accounts |
| Elia Legati | Crotone | €10,000 for 50% | Milan accounts |
| Zeljko Kalac | Kavala | Free transfer |
AC Milan finance 