AC Milan’s 2025 winter mercato: All the official sales, loan exits and details

The January window of 2025 has come to an end and in total, AC Milan parted ways with seven first-team players. In short, it was a very lively one for the Rossoneri and below, we take a look at the departures as well as the details of each, from the formula to the transfer fee.

In addition to five signings, aimed at bolstering the team, Milan parted ways with quite a few players and thus managed to increase their spending budget. Some of the moves took place on deadline day, which made for a stressful last few hours of the mercato.

Ismael Bennacer and Noah Okafor both left in the final hours, joining Marseille and Napoli respectively, with Milan having to scrap for replacements. In the end, they did pretty well with Warren Bondo and Riccardo Sottil among the signings made.

If you want a full financial breakdown of the mercato, such as gross costs, how the sales increased the budget and so on, make sure to read our long read on Substack. It’s one of the most popular bonus articles we do every year, so don’t miss out!

2025 winter sales and exits

Fode Ballo-Toure

Destination: Le Havre
Formula: Contract termination
Fee: N/A

Luka Romero

Destination: Cruz Azul
Formula: Permanent transfer
Fee: €3.3m

Alvaro Morata

Destination: Galatasaray
Formula: Loan with option to buy
Fee: €6m for the loan and €9m for the option

Davide Calabria

Destination: Bologna
Formula: Six-month loan
Fee: €2m for the loan

Noah Okafor

Destination: Napoli
Formula: Loan with option to buy
Fee: €2m for the loan and €23m for the option

Ismael Bennacer

Destination: Marseille
Formula: Loan with option to buy
Fee: €2m for the loan and €12m for the option