Milan head coach Vincenzo Montella will continue at the helm after he was handed a new two-year contract as a reward for bringing European football back to the club.
The 42-year-old left Serie A rivals Sampdoria a year ago to take over the reins at the San Siro after the Rossoneri had narrowly missed out on a top-six finish in 2015/16.
But the Italian giants are back in Europe for the first time in four years after Montella guided his side to a sixth-placed finish in the league this past season, ahead of neighbours Inter Milan.
The club's new owners, Rossoneri Sport Investment Lux, which is fronted by Chinese businessman Yonghong Li, were reportedly considering a change in the hotseat following a poor run-in to the campaign, with just one win from their last seven games.
However, Milan have decided to stick with the former Italy international, whose new deal was announced in a Facebook Live event streamed on Tuesday.
"After a positive season managing a great group, the club and Vincenzo Montella are ready to continue working together, renewing the contract of the Rossoneri manager," read a statement on the club's official website.