News of Milan's increasing interest could also affect Chelsea, who were said to be interested in his services, but fellow Italian Antonio Conte may now need to focus his attention elsewhere in pursuit of a striker.
That had left the Blues with three alternatives: Borussia Dortmund's Pierre-Emerick Aubameyang, Real Madrid's Alvaro Morata and Belotti - with Conte thought to favour the latter.
Belotti, known in Italy as Il Gallo (the rooster), set the Italian top flight alight over the course of the 2016/17 campaign, racking up 26 goals and 7 assists in 35 Serie A appearances for a Torino side who finished in a disappointing 9th in the Serie A standings.
But according to Calciomercato, the 23-year-old forward wants to join Milan having been swayed by their ambitious project, with the club making eight new signings this summer.
Torino's Andrea Belotti is, understandably, a coveted player given the season he had in Serie A last term.
Milan have reportedly made an offer of 40 million euros and also thrown in M'Baye Niang and Gabriel Paletta, but it appears that Torino want 80 million euros alongside the two players in order to complete the deal.
They haven't been shy at spending money though this summer, signing Hakan Calhonoglu, Andre Silva, Andrea Conti, Mateo Musacchio, Ricardo Rodriguez, Fabio Borini, as well as the marquee signing of Leonardo Bonucci.
Belotti has a release clause of €100m in his contract at the club, but is likely to leave for less, particularly if claims that he is agreed to join Milan prove correct.