Maldini confirms agreement to stay on as Milan technical director
Paolo Maldini is glad that AC Milan can now "plan for the future" after confirming he has reached an agreement with the Serie A champions to stay on as technical director.
Club legend Maldini was considered one of the main architects behind Milan's first Scudetto success in 11 years last season thanks to his work behind the scenes.
He has held a boardroom position for the past four years, three of those in his current role, and helped sign the likes of Theo Hernandez, Rafael Leao and Mike Maignan.
The 54-year-old was due to be out of contract come the end of Thursday, but he announced shortly ahead of that deal expiring that he will remain in the job.
"Everything is sorted. We renewed at the last minute, but we did it," Maldini told reporters outside Milan's headquarters.
"I am very happy to be here and ready to plan for the future, with even more victories. There's still time [this transfer window]. We started a bit late, but we'll recover lost time."
Director of football Frederic Massara is also reported to have signed an extension to the contract that was due to expire on Thursday.
According to reports from Italy, the delay in reaching an agreement with the pair was down to the lack of funds being made available for transfers this window.
Milan have already missed out on Sven Botman to Newcastle United, while Paris Saint-Germain appear to have pipped the Rossoneri to fellow Lille player Renato Sanches.
Stefano Pioli's men begin their 2022-23 Serie A campaign with a home match against Udinese on August 13.