The 18-year-old has become a first team player for Milan over the past few months.
A Serbia youth international who can also play for Germany, Simic may be on the move.
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Per Tuttomercatoweb, both Fulham and the Cherries are seriously interested in signing him.
While Milan may want to hold onto the player, he would likely get more minutes at those clubs.
His contract with the Italian giants runs out in the summer of 2025, which may result in a cut price sale this summer if he does not renew.