Adriano Galliani says Milan have put a move for Emmanuel Adebayor on hold amid reports the club are close to signing Ronaldinho.
Arsenal striker Adebayor has been a leading target for Milan, with Barcelona also having shown an interest in the Togo international.
Milan vice-president Galliani has consistently stated that Arsenal manager Arsene Wenger's demands for Adebayor are too expensive.
And Galliani has now suggested the Italian giants will end their interest in bringing Adebayor to the San Siro.
"We've stopped dealing with Wenger and have to reconfirm that up to now Milan has above all important sacrifices to make in negotiations with its current players, starting with Kaka," Galliani told the Gazzetta dello Sport.
The Italian newspaper also claims that Milan are on the brink of finalising a deal to sign Ronaldinho from Barcelona.
Reports suggest a fee has been agreed between the two clubs and that the Brazilian will sign a two-year contract with Milan.
Galliani has previously said that the club would sign either Ronaldinho or Adebayor, which could now lead to the latter staying at the Emirates Stadium.
Ronaldinho had also been wanted by Manchester City, but his preference has been to secure a move to Carlo Ancelotti's Milan side.