AC MILAN SIGNS RONALDINHO

Serie A powerhouse AC Milan won Ronaldinho sweepstakes on Tuesday, agreeing to a three-year contract with the Brazilian superstar.

Financial terms of the deal were not revealed, as AC Milan has not officially revealed its transfer fee to Ronaldinho’s former club, FC Barcelona.

But Italians newspaper Gazzetta dello Sport reported that Milan paid a transfer fee of approximately $30 million and will pay Ronaldinho $10.4 million per season.

AC Milan made the announcement on its official website following a day of talks between Barcelona president Joan Laporta and Milan vice president Adriano Galliani in the Catalan capital.

Ronaldinho reportedly travelled to Milan on Tuesday evening, and the Italian club confirmed the the deal now hinged only on the midfielder successfully completing a physical.

“The player will be tomorrow in Milan to undergo the medical examinations and sign the contract that will bind to Milan until June 30, 2011,” the club said in a statement posted on its website.

Milan will hope Wednesday’s medical passes without a hitch, as they likely will unveil Ronaldinho on the same day their squad begins preseason training.

A two-time FIFA World Player of the Year, Ronaldinho appeared in just 17 league games during an injury-plagued 2007-08 season with Barcelona.