​AC Milan are looking to raise funds for new signings by selling at least seven players in the January transfer window, according to Gazzetta dello Sport.

Milan made big money signings in Carlos Bacca and Andrea Bertolacci but must now reach the Champions League next season in order to balance the books. But the Rossoneri are seven points off third-place and will look to the January transfer window to improve their squad.

According to reports, Milan will look to sell goalkeeper Diego Lopez, defender Rodrigo Ely, Philippe Mexes, Cristian Zapata, midfielder Antonio Nocerino, Nigel De Jong and winger Alessio Cerci.

Torino FC v AC Milan - Serie A

Of those seven names only Cerci has played more than 10 times for Milan this season, so the club would not be losing key players in their quest for the Champions League.

Lopez, 34, suffered an injury early in the season and was replaced by teenager Gianluigi Donnarumma whose exceptional performances kept the Spaniard out of the team when he returned to fitness. According to ​Gazzetta World, Lopez is currently earning €1.25m per season and with ​reports linking him to Liverpool it is likely the former Real Madrid goalkeeper will be sold.

Another big earner is Nocerino who has played just twice for Milan in the league this season, but still commands a €2m yearly wage - far too much for a bit-part player.

Olympique Lyonnais v AC Milan - Preseason Friendly