Milan’s interest in 22-year-old Jovic is nothing new, but of the forwards they have been studying, he is the one they are most serious about.
Jovic joined Madrid from Eintacht Frankfurt last summer for an initial €60m, but his first season has been a disaster.
Surrounded by the galacticos of Madrid, Jovic has managed to score just two goals in 24 appearances.
The Serb is likely to be out for the rest of the current season after suffering a freak foot injury during lockdown.
Madrid have to decide whether to give their expensive signing a second chance or move him on.
Waiting in the wings are Milan, with incoming tactician Ralf Rangnick knowing Jovic well from his time in the Bundesliga.
Jovic’s salary a problem
An issue for the Rossoneri is Jovic’s considerable salary of €5m-per-season plus bonuses.
It would make Jovic their second highest earner after goalkeeper Gianluigi Donnarumma, who takes in €6m.
If they could overcome any salary issues, Milan would attempt a common formula used by Serie A clubs.
According to TMW, Milan would look to pay €10m for a two-year loan with an option to buy Jovic for €35m, making it a €45m deal.
Milan are confident that they rekindle Jovic’s best form, which saw him score 27 goals for Eintracht Frankfurt last season.