Italian media reports have revealed that AC Milan has set the selling price for their German defender Jan Basic, after rejecting an offer from English club Crystal Palace during the ongoing summer transfer window.

According to the 'Football Italy' website, Inter rejected a bid of 32 million euros from Crystal Palace for Basic, while West Ham United had made another offer earlier in the transfer market.

The source confirmed that Inter will not agree to sell the 24-year-old player for less than 40 million euros, especially after his first international appearance with the German national team last season.

It is worth noting that Basic joined Inter two seasons ago from Aarhus Gymnastik in Denmark for 7 million euros, and selling him now represents an opportunity for the Italian club to make a significant profit.