The Rossoneri have become the latest side to walk away from the proposed breakaway Super League.
AC Milan became the third team after Atletico Madrid and rivals Inter Milan to quit the European Super League on Wednesday.
Milan’s withdrawal means only two teams now remain from the original 12 – Spanish sides Real Madrid and FC Barcelona.
Given how quickly the teams have made a U-turn on their initial decision, it can be expected from Real Madrid and FC Barcelona as well to come with statements announcing their exits from the competition soon.
A statement on the official Milan website read: “We accepted the invitation to participate in the Super League project with the genuine intention to deliver the best possible European competition for football fans around the world and in the best interest of the club and our own fans.
“Change is not always easy, but evolution is necessary for progress, and the structures of European football have evolved and changed over the decades.
“However, the voices and the concerns of fans around the world have clearly been expressed about the Super League, and AC Milan must be sensitive to the voice of those who love this wonderful sport.
“We will continue to work hard to deliver a sustainable model for football.”