Barcelona are ready to part ways with the Croatian international and have reportedly set a €50m asking price.
The Nerazzuri have turned their attention to Rakitic after failing to get his fellow international team-mate and World Cup winner Luka Modric from Real Madrid.
The reports further say that Barca are desperate to offload the Croatian in order to raise funds and lower the average age of their aging squad.
Rakitic, 31, joined the Catalans in 2014 and has gone on to win a Champions League title, three La Liga titles and four Copa del Rey trophies.
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