Donnarumma dropped a bombshell when he announced his intention not to sign a contract renewal, with his current Milan deal due to expire at the end of 2017-18.

‘Messi could’ve played for Madrid’

The 18-year-old Italy international has been linked with European champions Real Madrid, Juventus, Manchester United and Paris Saint-Germain.

Asked about Donnarumma, Fassone said via Milan TV: “There’s nothing new.

“We’re still here waiting, but not for too long, for a number of things.

“We’re working to get to July 3 [pre-season training] with more certainty.”

Fassone also made it clear that the wait was not an issue for Milan and that a deal could still happen. 

“From the current market session, one still has to wait for something,” he said, before adding: “It seems late, but the market has not yet officially started, there is still time to put aside what’s missing.”