| IN | FROM | FEE | SOURCE |
| Didac Vila | Espanyol | €3m | calciomercato.com |
| Antonio Cassano | Sampdoria | €2.5m (Milan and Samp paid €2.5m each to R.Madrid) | La Gazzetta, SkySport24 |
| Alberto Paloschi | Parma | €2.25m for the second 50% – Milan own outright | acmilan.com, Milan accounts |
| Urby Emanuelson | Ajax | €1.7m + €800,000 bonus if Milan win Scudetto | NOS.nl |
| Mattia Valoti | Albinoleffe | €800,000 | Milan accounts |
| Mark van Bommel | Bayern Munich | Free transfer | |
| Nicola Legrottaglie | Juventus | Free transfer |
| OUT | TO | FEE | SOURCE |
| Alberto Paloschi | Genoa | €4.35m for 50% – Milan sold 50% immediately after acquiring from Parma | genoacfc.it |
| Ronaldinho | Flamengo | €3m | Mediaset |
| Bruno Montelongo | Bologna | €200,000 for a six-month loan | TuttoMercatoWeb |
AC Milan finance 