Rossoneri CEO Marco Fassone told a press conference on Thursday (via Football Italia): “Raiola informed us that Donnarumma has made a definitive decision not to renew the contract with Milan.
We had made a strong proposal. The player evaluated it and made some evaluations that were not just economic.
“He told us that he does not wish to renew the contract and his time with Milan will therefore conclude by June 30, 2018.
“We were taken by surprise, as we had hoped Donnarumma would be the goalkeeper taking Milan into the future. Naturally, the decision leaves a bitter taste in the mouth, but now we have to go forward.”