By ESPNSTAR.com staff
AC Milan managed to turn down a reported €46m bid for Silva from French side Paris Saint-Germain and offered the Brazilian a new deal until 2017 and earn €6m a year, up from the €4m a year contract previously.
Having already brought in Riccardo Montolivo, Bakaye Traore, Francesco Acerbi and Kevin Constant, Galliani revealed that Milan are unlikely to make any new signings given the tight financial constraints on the club now.
"We made a huge effort to keep Thiago Silva, it counts as a signing," he told reporters. "We can consider our market closed.
“We are not missing a Van Bommel type player as we have Montolivo [after his arrival from Fiorentina]. We also have Massimo Ambrosini who can play in that role.”
However, Galliani is not ruling out any departures from the Rossoneri, as long as they retain their key players.
He commented: "We will not sign any new midfielder, that area of the squad is complete. Any player could leave, as long as he is not a key member of the team."
“Ibra still has two years to run on his contract and will stay. Boateng? They are private matters," added Galliani. "Anyway, all of our players have very high wages so nobody will be get an increase in salary."