AC Milan are interested in signing Real Madrid midfielder James Rodriguez this summer.

According to Calcio Mercato, Milan have identified Rodriguez as a target and are working to bring him in over the next few months.

One stumbling block may prove to be his price tag. Real Madrid are demanding €70m to secure his services.

It remains to be seen whether Milan are ready to match that, especially given recent signings.

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Milan have just spent €24m on Hakan Calhanoglu, who plays in a similar position to Rodriguez.

The San Siro giants have also signed Ricardo Rodriguez and Andre Silva for large transfer fees.

Rodriguez scored 11 goals and set up a further eight last season for Real but it appears as though they are willing to let him leave this summer.

The report also claims that PSG have held talks over a potential move for Rodriguez and could beat Milan to the punch.