AC MILAN bosses said yesterday that the club are open to a “settlement agreement” with Uefa over a financial fair play investigation that threatens to derail the plans of the club’s new Chinese owners.

Uefa’s club financial control body will turn down Milan’s offer of a “voluntary agreement” to seek more credit, the Gazzetta dello Sport reported yesterday.

“Milan has always declared itself ready to face the other side of the coin, which is the settlement agreement,” the club said in response.