Preziosi confirmed the deal by addressing journalists outside the Rossoneri’s Via Turati headquarters in Milan.
“Two clubs like Genoa and Milan cannot argue and so we have found an agreement. Boateng will be a Milan player permanently.,” he said.
As part of the agreement, Milan signed Alberto Paloschi and Marco Amelia on full contracts, while Sokratis Papastathopoulos is on a co-ownership deal with the Grifoni.
The Serie A champions reportedly paid Genoa 7 million euros to gain full ownership of Boateng, 24, who was a protagonist for Massimiliano Allegri during his maiden campaign at San Siro.
The Ghana international scored three goals in 26 appearances.
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