AC Milan vice-president Adriano Galliani has left the door open to an eventual deal for Real Madrid midfielder Emerson.
"It is very difficult to see Emerson at Milan, but I do not feel I can exclude anything," said Galliani.
"I can tell you that at the conditions put forward by Real Madrid President Ramon Calderon, he is 100 per cent certain not to arrive. If Emerson does not come, then we won't sign anyone else."