AC Milan CEO Adriano Galliani has admitted that the club will continue to sell in January despite a number of high-profile summer exits.

The Italian giants were forced to sell Zlatan Ibrahimovic and Thiago Silva to Paris Saint-Germain this summer, much to the dismay of supporters.

Milan have struggled this season after losing the spine of their squad, though Galliani has claimed that the economic situation means that the club will have to sell before they buy.

"I suffered a lot from the sale of Ibrahimovic but the economic situation in this country is what it is," Galliani told the club's official website. "Ibra was a great player but a luxury we could no longer afford."

"We have 23-30 players. First we must sell then we can buy, when we have reduced the squad size. We have some players who want to leave, not many, and others who we had already sold but didn't accept the offers because they like it here at Milan.

"I have to thank president Berlusconi because for the last 26 years he has allowed Milan to eat and drink caviar and champagne."

Milan are currently 14 points adrift of Serie A leaders Juventus in ninth place.