Milan vice-president Adriano Galliani has admitted the Rossoneri are waiting to welcome Andriy Shevchenko with open arms if Chelsea agree to a free loan transfer, according to SetantaSport.
The Champions League finalists paid £30 million to sign the Ukraine international from Milan but he has failed to show anything like his best form at Stamford Bridge.
With Avram Grant`s departure sparking a summer of change in West London, Shevchenko is likely to be one of the players on the move.
However, Chelsea will take some convincing to allow the 31-year-old to leave for nothing after such a massive outlay two seasons ago.
"If Chelsea let him go, then `Sheva` will come," declared Galliani to Sky Italia. "But it depends on Chelsea.
"Roman Abramovich and his director Peter Kenyon know very well what the conditions are from Milan.
"If Shevchenko is available then we [will] pick him up, certainly."