OddsPreview.com Milan agree terms with Ronaldinho as Man City miss out @ Tuesday 15 July 2008, 10:50 PM

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Barcelona playmaker Ronaldinho will sign for AC Milan on Wednesday, according to the Italian giants.

"AC Milan and Barcelona have reached an agreement in principle over the transfer of Ronaldinho," the Italian club said on their official website late on Tuesday.

"The player will be in Milan on Wednesday to undergo a medical and sign a contract that will keep him at Milan until 30 June 2011."

Manchester City had also bid for the 28-year-old Brazilian.

City appeared favourites to sign Ronaldinho from the Nou Camp outfit after reportedly tabling a £25.5m bid.

But Italian newspaper Gazzetta dello Sport reports that Milan will pay Spanish side Barcelona around just £14.6m for his services, with the figure likely to be increased by performance-related bonuses.

Milan chief executive Adriano Galliani has been in Barcelona for talks with the club and the player for two days.

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