The striker made his debut for Milan earlier this season at the age of 15.
Manchester City, Arsenal, Tottenham and Inter are all showing interest in a player who turns 16 next week.
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Il Corriere dello Sport says it is not entirely certain that Milan will succeed in securing Camarda.
If Milan do not manage to convince Camarda to sign the three-year contract that is on the table, they will only receive a training fee if he leaves for another club this summer.