Vlahovic, 26, looks set to become a free agent at the end of the season once his current contract at Juventus expires.
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According to Italian outlet Calciomercato, Serie A rivals AC Milan are hoping to swoop in and sign the Serbian for free in the summer.
AC Milan won’t have a free run at the striker, however, with the report adding that Premier League duo Chelsea and Newcastle are also interested.
Both English sides are currently able to negotiate a pre-contract with Vlahovic ahead of a potential summer move.