AC Milan CEO Marco Fassone has revealed that the club are still waiting for offers for goalkeeper Gianluigi Donnarumma.

Earlier this month, it was revealed that the teenager had turned down the opportunity to sign a new long-term deal with his boyhood club and that has inevitably led to some of European football's biggest clubs being linked with his signature.

However, Fassone has indicated that no formal bids have been made for a player who has already made 71 appearances for the Serie A giants.

Fassone told Milan TV: "There's nothing new. We're still here waiting, but not for too long, for a number of things. We're working to get to July 3 [pre-season training] with more certainty.

"From the current market session, one still has to wait for something. It seems late, but the market has not yet officially started, there is still time to put aside what's missing."

Real Madrid and Manchester United are among the clubs who have been credited with an interest in Donnarumma, who still has 12 months remaining on his existing deal.