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No Pedro bid from Man United yet

Transfer Talk
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By ESPN Staff

Milan hand new contract to experienced midfielder

Massimo Ambrosini has signed a one-year contract extension at AC Milan to stay with the Italian club until 2011.

The captain scored seven goals in 27 Serie A appearances for the Rossoneri last season.

Ambrosini, 32, joined AC Milan in 1995 from second division side Cesena and is in his 14th campaign with the Italian giants.

"AC Milan can confirm that Massimo Ambrosini's contract has been extended and the player will remain at the club until 30th June 2011,'' read a statement on the club's official website.

Ambrosini was handed the Milan armband by boss Leonardo following Paolo Maldini's retirement this summer.

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