Milan's estimated gross wage bill for 2026-27 stands at €103.14m, placing them fourth in Serie A behind Inter, Juventus, and Napoli, according to Calcio e Finanza.
The gap to the top two is substantial. Inter lead the league at €145.82m, with Juventus virtually level on €145.52m, a difference of just €300k. Napoli sit third at €109.72m, meaning Milan trail the Partenopei by roughly €6.5m and the top pair by more than €40m. Milan are, however, one of only four clubs in the division to break the €100m barrier.
Below Milan, Roma occupy fifth at €92.7m, and then a sharp drop-off begins. Atalanta, in sixth, spend an estimated €73.77m on wages, nearly €30m less than the Rossoneri. The overall Serie A wage spend has risen from €1.1bn last season to a projected €1.209bn, reflecting continued inflation across the league.
The numbers offer a snapshot of where Milan sit in the domestic spending hierarchy after the summer window. Fourth in wages broadly mirrors fourth in recent league finishes, and the distance to Inter and Juventus on the payroll explains part of the difficulty in closing that gap on the pitch. That said, wage bill and squad quality are not the same thing; Atalanta won the Europa League spending roughly half of what Milan do.
For Milan, the question is whether the current outlay is producing a squad that punches at or above its weight, or one that should be doing more with the resources it has.