RICCARDO MONTOLIVO has reportedly signed a contract with Milan and will earn €2.5m a year.

It is well known that the Italian midfielder is one of Milan’s objectives for the summer after they failed to sign him last summer from Fiorentina. Now it appears that Milan have signed him on a free transfer.

According to the Italian media, Montolivo put pen to paper with Milan and La Nazione reveals the details of the terms Montolivo has reportedly agreed to: contract until 2016, with an annual salary of €2.5 million.

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Monty was offered a contract extension on multiple occasions but he refused them all. Fiorentina risked losing him for free when they didn’t sell him to the summer and the former Viola captain may now be on his way to Milan. It’s suggested, though, that Milan and Montolivo have had a verbal deal since summer.

Montolivo would be an important addition to Massimiliano Allegri’s side as he’s a player capable of playing in all the roles in midfield. The 27-year-old is a national team player and will feature in the 2012 Euro’s.

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