Gazzetta dello Sport report that the Rossoneri will pay all of Bacca’s €30m buy-out clause to sign the striker after Sevilla rejected Milan’s offer to include Adil Rami in a the move.
The striker, who is on vacation after Colombia were eliminated by Argentina in the Copa America quarter-finals, is expected to sign a four-year contract worth up to €3m a season.
The Rossoneri are now expected to shift their attention to Shakhtar Donetsk striker Luiz Adriano, after the Brazilian striker rejected a move to Al Ahly.