The reports states that Milan have established communications with Arda’s agent.
The Turkish international has two years remaining on his contract with Atleti.
The Turkish international has previously expressed an interest in joining the Red’s.
“I want to play in major leagues and my dream team is Liverpool,” the Turkey international revealed before leaving Galatasaray for Atletico in 2011.
“As I always mention, Liverpool attracts me because of their tradition. In Europe, I am a Liverpool supporter.”
The 28-year-old became the first Turkish born player to win the La Liga as Atleti won their first league title since 1996 last season.