New Milan owners Elliott Management have reportedly approached Leonardo, Sassuolo’s Giovanni Carnevali and Arsenal chief executive Ivan Gazidis.
The club is now in the hands of US hedge fund Elliott Management Corporation after President Yonghong Li defaulted on his debts, so the holding company was repossessed.
A board meeting today could not move things forward, so a new President and Board of Directors will be appointed on July 21.
Multiple sources suggested Leonardo had been approached for a role within the club, as he has experience as player and Coach at Milan, not to mention director and chief executive at Paris Saint-Germain.
Other names put forward by Sky Sport Italia are Sassuolo director Carnevali and Arsenal chief executive Gazidis.
It seems as if Elliott Management founder Paul Singer has a son who is a big Arsenal fan and knows Gazidis from visits to their games.
Gazidis has been chief executive of Arsenal since 2009 and previously helped boost Major League Soccer.