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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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
Who of Europe’s top strikers will move to England this summer?