AC Milan have confirmed that captain Massimo Ambrosini is to leave the club after 18 years.
Ambrosini, 36, is out of contract at the end of the month and he has been unable to agree an extension.
“After 18 years, the paths of Ambrosini and Milan will separate,” the club’s vice-president, Adriano Galliani, said. “He will not sign a new contract with Milan.”
He added that Riccardo Montolivo will become the club’s next captain, should vice-captain Christian Abbiati offer his consent.
Ambrosini won four Serie A titles with Milan, one Coppa Italia and the 2003 and 2007 Champions League titles, and represented Italy on 35 occasions. He is set to continue his playing career, with West Ham United touted as a potential destination, while he has also been linked with a switch to the MLS.
Galliani, meanwhile, also refused to rule out the possibility that Stephan El Shaarawy could be sold.
The Italy international has been linked with Manchester City and, while Galliani had earlier insisted there were no talks with the English side, he did accept that a sale was possible.
“I did not say he is not available for transfer because in the market anything is possible and he is the player who creates most demand,” he said.
Gallaini also rejected the suggestion his club were seeking to sign Carlos Tevez, saying: “There is no negotiation to buy him. At the moment we have no room for any more strikers.”