AC Milan are ready to give up in their pursuit of Arsenal CEO Ivan Gazidis, reports Corriere dello Sport.
The Serie A club approached Gazidis over the summer by the club's new owners Elliott Management who want someone to strengthen the club's "brand value" and bring in more sponsorship revenue.
However, along with the €4m salary offered to the 53-year-old, Gazidis has requested a number of incentivised clauses which Milan are not willing to negotiate and the club have now "evaluating other applications".
Source: transfermarketweb.com