After over 12 months of difficult negotations, the two parties have now reached terms.
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La Gazzetta dello Sport reports that the goalkeeper will extend his contract with the Rossonero.
Maignan and Milan have agreed on a contract that extends until the summer of 2031.
The France goalkeeper is also expected to receive a substantial salary increase when he extends his contract.
Maignan joined Milan from Lille OSC in the summer of 2021. Since then, he has made 187 competitive appearances.