Manchester United and Bayern Munich lead chase for Leonardo Bonucci as AC Milan must sell after missing out on Champions League

After missing out on qualification for the Champions League, the Rossoneri are in a position where they have to let some of their biggest assets leave in order to comply with FFP regulations.

Having spent around £200million last summer, finishing in the top four became the absolute minimum requirement, but Milan will only be playing Europa League football next season.

Bonucci, 31, only joined from rivals Juventus 12 months ago — despite strong interest from Chelsea and Manchester City — and has endured a trouble campaign.

However, he has been the victim of instability within the club.

Milan boss Gennaro Gattuso is understood to be fuming at the club after he had been promised a strong squad for next season when he was appointed on a permanent basis.

Chelsea would still be interested in signing Bonucci but, after a season out of the Champions League he wants to be playing in Europe's premier competition again.

Jose Mourinho has contacted the Italy international, but United will face competition from Bayern — with Milan willing to agree to a loan deal with an obligation to buy for around £35m.

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As well as Bonucci, Milan are likely to lose Gianluigi Donnarumma, who is unhappy at constantly being jeered by fans.

Paris Saint-Germain and Liverpool are the frontrunners for the young goalkeeper's signature.

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