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Bayern Munich chief confirms Milan interest in Renato Sanches but warns they must pay 42m to sign him

  • Karl-Heinz Rummenigge says Milan have made contact over Renato Sanches
  • Milan are reported to be seeking a loan move for the 19-year-old midfielder
  • Any loan deal is likely to include an option to sign the Portuguese permanently
  • Rummenigge does not believe Milan are willing to meet their 42m asking price

Milan have made contact with Bayern Munich regarding a loan deal for Renato Sanches, Karl-Heinz Rummenigge confirmed.

The Portuguese midfielder has emerged as the latest target for the Serie A outfit, who have so far been one of the most active clubs in the transfer market.

Reports state that they are looking to agree a two-year loan deal with an option to make the move permanent for 40m, but while Bayern CEO Rummenigge confirmed talks are ongoing, he also said that Milan have not yet meet their asking price.

Renato Sanches could be on his way out of Bayern Munich with Milan interested in a loan deal

Renato Sanches could be on his way out of Bayern Munich with Milan interested in a loan deal

'I can confirm that Milan have shown interest in Renato Sanches,' Rummenigge told Bild. 'But we did not get any further.

'They reported midweek. And if you borrow a player from Bayern, that also has economic effects.

'At least I have the impression that AC Milan are not ready to meet our demands. It was not just about lending. At 48million ( 42m) I would not be dissatisfied.'

The midfielder joined Bayern Munich from Benfica last summer in a deal worth 35m

The midfielder joined Bayern Munich from Benfica last summer in a deal worth 35m

Sanches was one of the hottest properties last summer with Manchester United just one of many clubs interested in taking him from Benfica. While Bayern Munich won the race, he struggled to assert himself under Carlo Ancelotti.

He made just six starts in the Bundesliga and even dropped to Portugal's Under-21 squad despite playing a key role in their triumphant Euro 2016 campaign.

Backed by Chinese investors, Milan have been busy this summer and have already signed Leonardo Bonucci, Andre Silva, Lucas Biglia, Mateo Musacchio, Ricardo Rodriguez, Hakan Calhanoglu, Andrea Conti, Franck Kessie and Fabio Borini.

Reports in Italy have also linked them with a big-money move for Real Madrid forward Alvaro Morata, who originally broke onto the European scene with their Serie A rivals Juventus.

The 19-year-old struggled at Bayern but is still considered a top prospect across Europe

The 19-year-old struggled at Bayern but is still considered a top prospect across Europe

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Journalist, writer and broadcaster, based in London and Paris, her latest book is Touché: A French Woman's Take on the English. Read more articles from Agnes.

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