Reports in Spain suggest that AC Milan are prepared to pay £89million for Ronaldinho.

Spanish daily AS claims that Milan chief Silvio Berlusconi is prepared to pay the 125 million Euros required to trigger Ronaldinho's buy-out clause at Barcelona.

The reports claim that Milan will make a series of bids for the striker, but if they do not succeed then such is Berlusconi's desire to bring him to the San Siro, he will meet the enormous buy-out clause, which would comfortably break the world transfer record currently held by Real Madrid, who paid £45.6 million for Zinedine Zidane in 2001.

AS goes on to claim that an agreement has already been reached between Ronaldinho and Milan, that will see him sign a five-year contract worth around £6m a year, plus exclusive image rights.

Ronaldinho has been in extensive contract negotiations with the Catalan giants to improve his current deal, which runs until 2010.

However, talks have stalled, leaving the prospect of the Brazilian joining the European champions open.