AC Milan were one of the most active sides of the 2025 January transfer window, making several moves on deadline day. The biggest movie was the Rossoneri agreeing to terms with Chelsea for the loan of Portuguese striker Joao Felix until the end of the current 2024-25 season.

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AC Milan are closing in on a loan deal for Chelsea forward João Félix, a source has told ESPN. The 25-year-old is expected to move to Italy in an agreement which would see Milan pay a loan fee in the region of €2m-€3m ($2m-$3m). The Serie A club would also be paying all of his wages.