Berlusconi dealing with Chinese investors

Silvio Berlusconi's holding company Fininvest has agreed to negotiate exclusively with a group of Chinese investors for the possible sale of a stake in AC Milan.

Without naming the Chinese investors, a statement on Milan's website says a "memorandum of understanding" had been signed between the parties to open the negotiations.

The Gazzetta dello Sport reports that the exclusive negotiating deal will last for 45 days, and a 500 million euro ($A771 million) offer for 70 per cent of Milan is being discussed.

The 79-year-old Berlusconi has discussed selling Milan with several parties recently. Last year, he came close to selling a 48 per cent stake in the club to a Thai investor, Bee Taechaubol.

With the Serie A season ending this weekend, Milan is languishing in seventh place.