The Rossoneri hope to offload Brazilian forward Robinho for anywhere between €3m and €4m in the coming days, with Santos and Orlando City showing interest.
They will then try and sign Manchester United winger Nani, who is seen as a much cheaper alternative to Ezequiel Lavezzi and Alessio Cerci.
New Manchester United boss Louis van Gaal reportedly plans to cash in on the Portugal international this summer, meaning he could be available on a cut-price deal.
At the same time, Milan officials are working hard on adding Domenico Criscito to their ranks, hoping that player plus cash deal that is likely to include Cristian Zapata will do the trick.
The Italy international is reportedly keen on returning to Italian Serie A, as he believes his spell in Russia did not aid his chances of ending his international exile.