UEFA delayed a decision until next week on whether to allow AC Milan to participate in this season's Champions League.
The 30-year-old striker, three-times FIFA World Player of the Year, has signed a deal until June 30, 2008 for an undisclosed fee.
Andriy Shevchenko's 88th-minute strike helped AC Milan beat Chelsea 3-2 in the Champions World Series.
Titleholders Barcelona were given a tough draw against Italian champions AC Milan in the Champions League quarter-finals on Friday.
Milan are still looking for their first league win at the San Siro this season and after eight games they are 11th with 10 points.
Former England soccer captain David Beckham officially received Knighthood from King Charles III on Saturday. He was honoured for his outstanding contribution to sport and charity.
Italian Prime Minister Silvio Berlusconi has stepped down as president of AC Milan to comply with a new law on conflicts of interest.
AC Milan survived an almighty scare against a rejuvenated Arsenal to scrape into the UEFA Champions League quarter-finals 4-3 on aggregate on Tuesday despite being thrashed 3-0 by the London side.
Silvio Berlusconi has approved a deal to sell 48 percent of soccer club AC Milan to a group led by Thai businessman Bee Taechaubol, a historic change for the team which the former Italian prime minister has owned since the 1980s.
Chelsea beat Bayern Munich 4-2 while while Milan beat city rivals Inter 2-0 in the UEFA Champions League first leg quarter-finals.\n\n
he Dutch international defender's agent Henk Van Ginkel said they had reached an agreement with Milan for a two-year contract.
AC Milan have denied British media reports that they are about to sell Brazil playmaker Kaka to Chelsea. The Guardian newspaper had reported on Saturday that negotiations for a 100 million euro ($158.5 million) transfer were at an advanced stage after talks this week.
The Italians are now favourites to reach the last four of the Champions League, with the second leg of the quarter-final to be played in Milan.
Massimiliano Allegri is on course to become AC Milan's next coach despite a hold up over his contract at former club Cagliari.
AC Milan snapped up Manchester City's Brazilian forward Robinho on transfer deadline day on Tuesday, the latest piece in a jigsaw which the Rossoneri hope will bring them the Serie A title.
AC Milan were handed a comfortable UEFA Cup assignment on Tuesday after being drawn with Heerenveen, Braga, Portsmouth and Wolfsburg in the group stage.
A Spanish court handed Brazil coach Carlo Ancelotti a one-year prison sentence for failing to pay tax on his image rights revenues in 2014 when the Italian was Real Madrid manager.
The Champions League's two most successful teams resembled a pair of punch-drunk prize-fighters as AC Milan spoiled a big night for Raul by pulling off a surprise 3-2 victory at the Bernabeu Wednesday. While nine-times winners Real and seven-times champions Milan were trading novice mistakes, including the howler that let in Raul to equal Gerd Mueller's European goalscoring record, the other tournament heavyweights were looking coolly efficient.
AC Milan reached an agreement with Barcelona on Saturday to bring former Inter Milan striker Zlatan Ibrahimovic back to Italy in a move the club hope will ignite their title chances.
Experience will be AC Milan's biggest weapon against Manchester United in Tuesday's Champions League clash and David Beckham has it in abundance, Alex Ferguson said on Monday.
Inter edge Genoa to go top
Mexico's Club America notched their second victory over Italian opposition in pre-season action with a 2-1 win against AC Milan in the United States on Wednesday.
AC Milan are keen to take David Beckham back on loan from Los Angeles Galaxy in January, the England midfielder's spokesman said on Wednesday. England manager Fabio Capello has said he must return to Europe to have any hope of playing at the 2010 World Cup.
Gennaro Gattuso will stay at AC Milan following talks with chief executive Adriano Galliani, the Italy midfielder said on Monday. The 30-year-old had been considering his future and was strongly linked with Bayern Munich, while he had also spoken fondly of the English Premier League having previously played for Rangers in Scotland.
Real Madrid's struggles continued on Sunday as they battled to a 1-1 draw at Girona in LaLiga.
AC Milan's Kaka has denied holding talks with Real Madrid and said he wants to stay with the Serie A club. Spanish media said prospective Real Madrid president Florentino Perez had agreed with Milan to sign Kaka in the off-season, having failed to attain the Brazilian when he was in charge at the Bernabeu.
Mouth-watering matches lined up as PSG to face Bayern and Barcelona in Champions League opening stage.
David Beckham can look forward to a return to Old Trafford after AC Milan were drawn against his former club Manchester United in the last 16 of the Champions League on Friday. Friday's draw also pitted Jose Mourinho, now coach of Inter Milan, with his old club Chelsea.
AC Milan survived a grilling at Arsenal to reach the Champions League quarter-finals 4-3 on aggregate despite losing the second leg of their last 16 tie 3-0.
Liverpool continued their revival with a 4-1 home win over Porto while Real Madrid lost 2-3 at Werder Bremen in Wednesday night's Champions League matches.
AC Milan went out of the Italian Cup after being held 1-1 at Catania, while AS Roma crushed Torino 4-0 to reach the quarter-finals.
Barcelona closed the gap on their rivals Real Madrid, moving up to 28 points and pulling two clear of third-placed Villarreal.
Ronaldinho has agreed initial terms with AC Milan and the Serie A club will now speak to Barcelona about a deal, Milan and the player's agent have said. The 28-year-old Brazilian has had a difficult few months at the Nou Camp because of injury and loss of form and a move has long been mooted. The forward is out for the rest of the campaign with a leg injury and a transfer can not officially go through until the end of the season.
AC Milan moved to within a point of Juventus at the top of Serie A on Wednesday after the defending champions beat Atalanta 2-0 and a Gianluigi Buffon error gifted lowly Lecce a 1-1 draw in Turin.
AC Milan have agreed a two-year loan deal with Chelsea for Fernando Torres but the Spain striker has yet to agree terms, the Italian club said in a statement on Friday.
A place in the Istanbul final on May 25 beckons if Chelsea and Milan can exploit home advantage.
