Milan vice president Adriano Galliani said.
“We have a deal with Real Madrid,” Galliani told Italy’s Sky Sport 24 TV channel. “All that’s missing is the player’s medical exams and the economic agreement with the player.”
Galliani did not disclose details of the deal with Madrid, saying only that Huntelaar would not be on loan but would transfer permanently to Milan.
Spanish sports daily Marca reported Thursday that Milan was prepared to pay between euro15 million and euro18 million for Huntelaar.
Madrid has spent euro254 million on eight players including Cristiano Ronaldo and Kaka since Florentino Perez returned to the club presidency in June
So far, the club has raised a reported euro15 million through the sales of Javier Saviola and Javi Garcia to Benfica and Daniel Parejo to Getafe.
Expected to follow Huntelaar out of Madrid is his compatriot Rafael van der Vaart. There are doubts over the futures of three more Dutchmen – Ruud van Nistelrooy, Arjen Robben and Wesley Sneijder – together with Mali’s Mahamadou Diarra.
Huntelaar, who turns 26 next week, made only 13 first-team starts after joining Madrid from Ajax for euro20 million in December.