Bologna are in talks with Zlatan Ibrahimovic over a potential deal with the club, despite Milan's extended discussions with the former PSG star.
Ibrahimovic has been without a club since leaving LA Galaxy at the end of the MLS season, and has since indicated that he will return to Italy in his next move.
Bologna's sporting director Riccardo Bigon has now claimed that his club are currently negotiating with Ibrahimovic, with a decision on his future imminent.
Speaking to Sky Sports (as quoted by A Bola) Bigon said: "Negotiations are taking place directly between Mihajlovic and Ibrahimovic. We know he will make a decision in December and we are very happy to be in negotiations with him right now, but we are still waiting to see what will happen. Ibrahimovic is a coveted player."
Bigon also insisted that a potential move to Stadio Renato Dall'Ara has nothing to do with money - with many expecting Ibrahimovic's next, and possibly final, deal to be incredibly lucrative.
"We live in a world where everyone thinks it is very easy to solve situations with money, but we have already made a huge investment during the summer," said Bigon. "The coming Ibrahimovic will be a completely different situation."
However, former club Milan are still favourites to capture Ibrahimovic's signature despite talks having stalled recently.
According to Gianluca Di Marzio, Milan have offered the 38-year-old €3m until the end of this season, with an extra €6m for next campaign. Ibrahimovic seemingly wants an 18-month contract, but Milan will look to offer him a second-year deal based on what the Italian giants achieve, such as Champions League qualification.
With Napoli also outsiders for a potential transfer, Ibrahimovic's agent Mino Raiola has stuck his oar in, as ever.
As quoted by Gazzetta, Raiola said: "How will it end? I will not unbalance myself, we will see what will happen. Certainly, if he came back, Serie A would increase the appeal, both on a technical and television level. How many countries would turn on the TV every weekend?"
He added: "Which of the three teams will you choose? Who knows, we are free men. I do not exclude anything, but it is very difficult. Ibra is still very well."