They built the team for the short term, like recruiting Modric, of course they realize that they might only be able to utilize this aging player for one or two seasons, but I think AC Milan's management did not build this team to compete for the title and I'm even sure they didn't make the team much better than last season, so I won't have high expectations for AC Milan next season.
Even if they aren't competing for trophies, Milan should be able to improve their squad to compete for the top spot in Serie A. Milan struggled quite a bit last season, finishing in eighth place. This wasn't an expected result, as they were previously a top place contender. They made short term efforts to immediately revamp the team's performance for maximum results. But we'll see how they perform in the new season.