The Rossoneri may need to tighten their belts in the summer transfer market after failing to qualify for the Europa League and could have to pursue some less ambitious targets.
Milan were tipped to make an £8m swoop for Newcastle 'keeper Krul in January but that didn't happen and now the Dutchman seems more likely to join Juventus if he moves to Italy with Liverpool also said to be interested.
It has just been confirmed that Milan have renewed the contract of current veteran 'keeper Christian Abbiati until June 2015.
Abbiati has been at the club since 1998 and made 269 appearances, but there have been suggestions that the 36-year-old is no longer up to the task.
It was a mixed season for Abbiati who managed 10 clean sheets but also looked unconvincing at important times.
The 29-year-old has signed a deal until 2017 and is a free transfer having run down his contract at Cagliari, who opted to send him out to Chievo for the end of the campaign.
The new arrival and renewal of Abbiati's deal makes any summer bid for Krul unlikely and it seems Milan have given up on luring the Newcastle United custodian.
It also seems that Milan have deemed £10m rated Lazio goalkeeper Federico Marchetti beyond their finances.