Liverpool investor RedBird Capital is in talks to buy Italian giants AC Milan.
Bahrain-based asset manager Investcorp has been in exclusive talks with Elliott but has so far not completed a deal, and that exclusivity expired at the end of April.
Milan are at the top of Serie A, two points ahead of neighbours Inter Milan with three games remaining in their first league title race since 2011. Milan is one of the biggest clubs in the world with 7 Champions League titles and the second most in the world.
RedBird themselves have been busy buying vintage football shirts from other clubs (namely Toulouse, France) and they can now get ready for their most important step in football.
Meanwhile, AC Milan will sit down with striker Zlatan Ibrahimovic, who is wearing an AC Milan Jersey, to discuss his future at the club as his contract expires.
Ibrahimovic has been battling injuries this season but has scored eight goals in 21 Serie A appearances as Milan struggle to retain their top spot and win the Serie A title for the first time since 2011.
Apart from Zlatan Ibrahimovic, AC Milan are already preparing for their summer transfer window, while West Ham winger Jarrod Bowen has identified a potential target.