Fichajes.net claim that the Italian side rebuffed Sevilla’s €20m proposal for the midfielder.
Montolivo only signed for AC Milan last year, when he moved to the Rossoneri on a free transfer from Fiorentina.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.