AC Milan are yet to decide whether to turn their interest in Cesc Fabregas into a firm bid when the January transfer window opens.
The Chelsea midfielder, who has only made 11 appearances in all competitions this season, has been strongly linked with a switch to the San Siro.
Sporting director Leonardo confirmed that Fabregas is a player Milan have their eye on as they weigh up their options ahead of next month.
Asked about the signing of Fabregas, Leonardo told Sky Sport Italia: ‘We evaluated it, considering the possibility, but didn’t go all in.
‘We are still evaluating the conditions.’
Fabregas was an unused substitute during Chelsea’s 2-0 win over Manchester City on Saturday but he is likely to start Thursday’s Europa League tie with Vidi.
AC Milan, who are currently fourth in Serie A after a 0-0 draw with Torino on Sunday, are keen to strengthen their squad in January as they push for a return to the Champions League.
However, Leonardo has admitted they will need to be careful with the funds they have available when the window reopens.
There could be an economic sanction, we’ll see what happens,’ he added.
‘We do have a very negative balance sheet. We’ll certainly do something on the market, but we’ll take it slowly.
‘Unfortunately, with the Financial Fair Play issue it has become a puzzle and a difficult one to work out. We need to wait and understand what we can actually do.
‘The owners want to invest, but there are parameters to be respected.’