AC Milan have signed striker Mario Balotelli from Liverpool on a season-long loan.
The Italian has join the club for the second time in his career after a poor season at Anfield, where he scored just once in the league.
Nigel de Jong has ended speculation over his future by signing a new three-year deal with AC Milan.
The Dutch midfielder was set to be out of contract at the end of the month, but will now stay at the San Siro.
AC Milan have acted quickly to replace Filippo Inzaghi by appointing Sinisa Mihajlovic as their new manager.
Italian giants AC Milan have sacked manager Filippo Inzaghi after their failure to qualify for European football.
Inzaghi led the side to an underwhelming tenth place in Serie A, which has ultimately cost him his job.
Italy international has signed a new four-year contract at AC Milan, the Serie A giants announced on Thursday.
The 28-year-old right-back, whose previous deal was set to expire at the end of this month, has committed himself to the San Siro outfit until 2019, ending speculation over his future amid reported interest from other clubs at home and abroad.
AC Milan have "not given up hope" of bringing Carlo Ancelotti back to the San Siro to guide the team next season.
Rossonero vice-president Adriano Galliani met with Ancelotti in Spain on Tuesday evening, less than 24 hours after his sacking by Real Madrid.
Despite Ancelotti's declaration that he would take a year off from coaching if let go by Real, Milan are persisting.
"I am here to bring Ancelotti back to Milan," Galliani said to Italian media. "I will not give up.
"I told him to say yes. There will be another meeting tomorrow (Wednesday).
"I am here to get him to return to Milan and tomorrow the pressing continues."
A Thai businessman has offered former Italian Prime Minister Silvio Berlusconi one billion euros ($1.14 billion) for a controlling stake in AC Milan, media reported on Monday.
The offer came from Bee Taechaubol, executive director of Thai Prime Company Limited, a south east Asian private equity group.
Bee is also a co-owner of the Global Legends Series (GLS) Bangkok that features veteran football players taking part in charity matches across the region.
The Bangkok Post reported that Bee wanted at least a 50 percent stake in the seven-times European champions but not complete ownership.
Bee was confident of completing a deal for the 18-times Italian champions within a month, the report added.
The businessman could not immediately be reached for comment.
One of Italian soccer's most prestigious names, Milan have struggled in Serie A since winning the last of their titles in 2011.
January is the month of parting shots and former Liverpool winger Suso has fired one in the direction of his former club today.
The Spanish youngster has celebrated his move to AC Milan by criticising Liverpool for refusing to meet his wage demands, and failing to show trust in his football abilities.
Speaking to Spanish publication Marca, the 21 year-old said:
Hellas Verona have been fined €50,000 and hit with a partial stadium ban by the Italian league as punishment for racist chants directed at AC Milan midfielder Sulley Muntari during Sunday's Serie A match.
The Ghana international was the target of a section of Hellas supporters during the game the Verona outfit hosted and lost 3-1.
Inter Milan, meanwhile, have been fined €30,000 for discriminatory chants aimed at Napoli fans during Sunday's 2-2 draw at the San Siro.
FIFA president Sepp Blatter said AC Milan midfielder Kevin-Prince Boateng's decision to walk-off the pitch after having racist chants directed at him was not the right one.
The former Portsmouth and Tottenham player led his teammates off the pitch during a friendly match with Pro Patria and insisted he would walk-off again in a competitive game under similar circumstances.
Quoted in United Arab Emirates newspaper The National, Blatter said: "Walk off? No. I don't think that is the solution. But the Italian federation has yet to provide FIFA with a report detailing what exactly has happened.
"I don't think you can run away, because then the team should have to forfeit the match. This issue is a very touchy subject, but I repeat there is zero tolerance of racism in the stadium, we have to go against that.
"The only solution is to be very harsh with the sanctions (against racism) - and the sanctions must be a deduction of points or something similar."