The Rossoblu believe they have a very gifted offensive player on their books, and Calciomercato.com reports that they believe he is worth about €35 million, which would be a significant spend for Milan. Gudmundsson has a long history with Milan, and the club has expressed interest in him. However, because he is predominantly a winger, he would not likely start the game right away.
The Icelandic player has drawn interest from several teams besides just the Rossoneri. In the last days of the January transfer window, Fiorentina made a lot of effort to recruit him, but they were unable to come to an agreement. Juventus, Tottenham, and Newcastle of the Premier League are all highly interested in signing him. The 26-year-old can also add Napoli to his list of suitors. Genoa is rumoured to be amenable to a summer transfer as it will allow them to reallocate a portion of the proceeds.