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Milan, who finished eighth in Serie A last season, strengthened their squad on Thursday by acquiring Ricci. The deal was finalized for a fee exceeding €23 million.
The Lombardy club stated in a statement, "Ricci has signed a contract that runs until June 30, 2029, with an option to extend for an additional year until June 30, 2030."
While Milan did not officially disclose the value of the deal, Italian newspapers reported that the club paid €23 million, which could rise to €24.5 million after incentives. Additionally, the club pledged to give 10% of any future transfer fee to Torino.