AC Milan vice-president Adriano Galliani has conceded that the club could lose Stephan El Shaarawy, despite the striker’s agent playing down talk of a move away from the San Siro.
El Shaarawy, 20, is believed to be attracting interest from Manchester City, with Carlos Tevez having been linked with a switch in the opposite direction.
The Italy international has said the interest from the former Premier League champions is “flattering", only to stress that he is happy at Milan.
El Shaarawy's agent, Roberto La Florio, has also echoed the words of his client, adding that that there is no truth in the City speculation.
"The player is fine and he hopes to stay at Milan," he told Sportitalia. "Offers from City? Nobody called me."
However, Galliani, who wants to keep hold of the player, says that he cannot rule out the sale of El Shaarawy.
"El Shaarawy is the most sought-after player on the market but I have not yet received any proposal," he told Gazzetta dello Sport. "But I cannot rule out he could be sold, because in this market everything can happen."