AC Milan are quietly positioning themselves for one of the most explosive free-agent signings of the summer. Dusan Vlahovic, the Serbian striker whose contract with Juventus expires on 30 June 2026, has emerged as a concrete target for the Rossoneri. The catalyst? The recently completed Kostic deal has strengthened Milan's relationship with agent Darko Ristic, the man who represents both the young Montenegrin and the Juventus number nine. Milan have tabled a three-year offer that exceeds Juve's proposed renewal terms and the next few weeks will determine whether the Rossoneri can pull off a transfer that would reshape the Serie A landscape.
The contract situation: a ticking clock at Juventus
The facts are straightforward and unforgiving for Juventus. Vlahovic's current deal runs until 30 June 2026 and carries a net salary of approximately €12 million per season, making him by far the highest earner at the club. For months Juve have been trying to persuade the Serbian to sign a renewal, but the gap between the two parties remains significant and seemingly difficult to bridge.
The Bianconeri's offer on the table is understood to be a two-year extension at a net salary of between €6 and €7 million per season. For Vlahovic, that represents a pay cut of roughly 40 to 50 per cent compared to his current terms — a figure that would be difficult for any player to accept willingly, regardless of their attachment to the club. A decision is expected around Easter, possibly by mid-April at the latest.
There have been signs of movement in recent weeks. Vlahovic's father Milos visited Turin for discussions with the Juventus hierarchy. The player himself has publicly stated that Juventus remain his priority and that he wants to find an agreement. However, wanting to stay and actually agreeing terms are two very different things, and with each passing week the clock ticks louder. If no deal is struck by mid-April, the Serbian will be free to sign a pre-contract with any club and walk away for nothing in the summer.
Milan's offer: what's on the table
Milan are not standing idly by while the situation unfolds. According to multiple reports, the Rossoneri have already tabled a formal proposal to Vlahovic's entourage: a three-year contract with a net salary slightly above Juventus's €7 million offer. It is a carefully calibrated figure — enough to make Milan's project more attractive financially than a Juve renewal, but sustainable within the club's wage structure.
The financial logic behind the move is compelling. Milan are expected to sell Rafael Leao this summer, a departure that would free up a substantial portion of the wage bill. With no transfer fee required for Vlahovic as a free agent, the overall cost of the operation would be remarkably contained for a striker of his calibre. Furthermore, Milan can offer something Juventus currently cannot: Champions League football. The Rossoneri sit second in Serie A with 63 points, well on course for a place in Europe's premier competition next season.
For a player of Vlahovic's ambition, the combination of a competitive salary, Champions League football and a central role in the attacking system of a club heading in the right direction represents a package that is difficult to dismiss.
The Kostic connection: why agent Ristic matters
The thread connecting all the pieces is one name: Darko Ristic. The Serbian agent represents both Andrej Kostic and Dusan Vlahovic, and the recently completed deal for the young Partizan striker has given Milan a direct and positive working relationship with him.
Milan closed the Kostic transfer for €3 million from Partizan Belgrade, a negotiation that involved weeks of talks and ultimately required the decisive intervention of sporting director Igli Tare. The process was smooth and professional, cementing a rapport between Ristic and the Milan hierarchy that could prove invaluable in the Vlahovic discussions. In football, trust between club and agent is often the invisible factor that tips the balance in complex negotiations.
That said, the Ristic connection is not without complications. The agent is known for negotiating substantial commission fees in major transfers, and these demands have been known to stall or even collapse deals in the past. Milan will need to navigate this aspect carefully, balancing the desire to land Vlahovic with the need to maintain financial discipline. But the groundwork has been laid and the channel of communication is open.
Vlahovic's troubled season: the numbers
If there is one factor that has weakened Vlahovic's negotiating position, it is the 2025/26 season itself. What should have been a campaign to showcase his value on the open market has instead been ravaged by injury and limited playing time.
The numbers tell a difficult story. In Serie A this season, Vlahovic has managed just 14 appearances, of which only 8 were starts. In 693 minutes on the pitch he has scored 3 goals and provided 1 assist — figures that fall far short of the standards expected of a striker earning €12 million per year. His last league goal came on 29 October against Udinese, and the goalscoring drought that followed only deepened the questions about his form and fitness.
The turning point of the season came on 29 November during a match against Cagliari, when Vlahovic suffered a left adductor tendon avulsion, a serious injury that required surgery in December. He was sidelined for 112 days, missing the entire winter period including crucial fixtures in both the league and European competition. He returned to the Juventus squad only in late March 2026, but has not yet regained full match fitness.
For Milan, the injury-hit season is a double-edged sword. On one hand, it has reduced the level of competition for Vlahovic's signature, as some clubs may be wary of investing in a player who has barely played for five months. On the other, it raises legitimate questions about his physical reliability going forward, questions that the Milan medical staff will need to assess thoroughly before any deal is finalised.
The Allegri factor
Massimiliano Allegri knows Vlahovic better than almost any other manager in European football. The two worked together at Juventus for multiple seasons following Vlahovic's arrival from Fiorentina in January 2022. The relationship produced mixed results on the pitch — moments of brilliance alongside spells of frustration — but there is a mutual respect and understanding that could prove decisive.
Allegri's tactical system at Milan, as discussed during the summit at Casa Milan, is built on defensive solidity and quick vertical transitions. In such a framework, a lethal finisher who can convert half-chances into goals is not a luxury but a necessity. Vlahovic, at his best, fits that profile precisely. He is powerful in the air, clinical with both feet and possesses the kind of predatory instinct in the penalty area that is impossible to coach.
Allegri is understood to be ready to bet on Vlahovic again, making him the focal point of Milan's attack. For the Serbian, the prospect of working with a manager who trusts him completely and knows exactly how to deploy him could be a decisive pull factor, especially after a season in which his role at Juventus has felt increasingly uncertain.
The salary puzzle: from €12 million to what?
The elephant in the room in any Vlahovic negotiation is the salary. His current €12 million net per season at Juventus is a figure that neither the Bianconeri nor any Serie A club can realistically sustain going forward. It is the legacy of a transfer that was completed in extraordinary circumstances in January 2022 and it has hung like an albatross around Juve's finances ever since.
Juventus are offering €6 to €7 million net, a drastic reduction that reflects both the club's financial reality and a broader push to rationalise their wage structure. Milan, for their part, would offer a figure slightly above the Juve proposal — enough to represent an improvement, but nowhere near the current €12 million. The precise number remains subject to negotiation, but the ballpark is clear.
Vlahovic will need to accept a significant pay cut regardless of where he goes. The question is whether the overall package — salary, sporting project, Champions League football and a central role in the team — is compelling enough to make the financial sacrifice palatable. Milan believe it is. The coming weeks will reveal whether Vlahovic agrees.
The obstacles: it is not a done deal
For all the positive signals, it is essential to recognise that a Vlahovic-Milan transfer is far from certain. Several significant hurdles remain.
First and foremost, Vlahovic himself has repeatedly stated that Juventus are his priority. He has shown no desire to leave Turin willingly and would only do so if a renewal proves impossible. That means Milan are playing a waiting game, dependent on a negotiation between two other parties breaking down.
Second, Ristic's commission demands could complicate matters. The agent is known for driving hard bargains and if his fees are excessive, Milan may decide that the overall cost of the operation — even without a transfer fee — is not justified.
Third, competition from other clubs is inevitable if Vlahovic becomes available. Premier League sides in particular have the financial muscle to blow any Serie A offer out of the water. Should Vlahovic decide to leave Italy altogether, Milan would struggle to compete on pure salary terms.
Finally, Milan already have Santiago Gimenez and Niclas Füllkrug in their attacking ranks. Adding Vlahovic would create a surplus of strikers that would need to be managed carefully, potentially requiring a departure to maintain squad harmony.
What to expect: the timeline
The next few weeks are critical. A decision by mid-April is the widely reported deadline, driven by the practical realities of Vlahovic's contract situation and Juventus's need for clarity on their summer planning.
If Vlahovic renews with Juventus, the chapter closes and Milan will pivot to alternative targets. Names such as Santiago Castro of Bologna and Moise Kean of Fiorentina are understood to be on the club's shortlist as contingency options, each representing a very different profile but addressing the same need for goals and physicality up front.
If Vlahovic does not renew, the picture changes dramatically. Milan would be positioned as frontrunners thanks to the Ristic relationship, the Allegri connection and a competitive financial package already prepared. The Rossoneri have done their homework and laid the groundwork. All that remains is for the domino to fall.
The Vlahovic-Milan connection is real, built on concrete foundations: a shared agent, a manager who believes in the player and a financial package that makes sense for both sides. But it is equally far from certain, dependent on the outcome of a Juventus renewal negotiation that remains alive and on the ability of all parties to navigate the complexities of commission fees, salary expectations and squad balance. The coming weeks will be decisive. One thing is clear: Milan are no longer just watching from afar. They are at the table, ready to act the moment the opportunity presents itself. This is part of a broader summer strategy that has already seen the club move early for Kostic and that promises further significant moves as the transfer window approaches.
Forza Milan, sempre.