AC Milan vice-president Adriano Galliani says the club will not make any further signings this summer.
Milan have allowed a number of players to leave the club this summer, including Clarence Seedorf, Gennaro Gattuso, Alessandro Nesta and Filippo Inzaghi, and have already strengthened by signing midfielders Riccardo Montolivo, Kevin Constant and Bakaye Traore as well as defender Francesco Acerbi.
Mathieu Flamini was also re-signed on a one-year deal despite Milan having indicated he would be released, and Galliani insists that the Rossoneri are not looking to strengthen any further.
"Milan's transfer market is closed," he told La Gazzetta dello Sport. "We have nine midfielders and our market is closed."
Milan secured a big boost this week when defender Thiago Silva signed a new contract until 2017.
The Brazil international had been set to join Paris Saint-Germain in a €46 million deal until the intervention of Milan owner Silvio Berlusconi.
Galliani said: "We must thank Silvio Berlusconi for keeping Thiago at the club and, hence, resisting the temptation to sell him. With regards to those that will depart, only perhaps Mesbah will leave the club."
Djemal Mesbah, a January signing from Lecce, has been linked with a move to Torino.