True. Milan looks a bit weak this season and as a Lazio fan makes me a bit happy and I doubt Milan will be able to fight for top 5 this season, even if they made some new transfers this last 2 days ,or after the friendly game with Chelsea they still look like they need some players and transfer window is getting shorter and shorter.
There is also a chance that Chelsea is so good that made Ac.Milan look weak because after all it was Chelsea who managed to beat PSG this season and no one else. For them , the second option would be better because if not , I'm afraid Milan will have a rough season

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AC Milan needs time to recover and compete at the top of the standings. They haven't been aggressive in recruiting quality players, opting instead to recruit talented players, so it takes time for them to build a stronger team. AC Milan is also not financially sound, as their target players are those with low release clauses.
Other teams will certainly be pleased with AC Milan's unstable performance, but we believe AC Milan will finish the season in the top four, as they are not competing in the Champions League, making their focus solely on the domestic league. AC Milan is currently trying to sign Hojlund, but it seems unlikely that a move will materialize as the player hasn't indicated his desire to join AC Milan, as AC Milan is not competing in the Champions League this season.