AC Milan fans welcome any takeover bid which would revive the ailing club's fortunes, according to the Italian media.
Thai businessman Bee Taechaubol has reportedly offered €1 billion to buy the majority of the club's shares.
Club owner Silvio Berlusconi has denied the team is up for sale but reports claim a deal could be reached soon.
Once a European powerhouse, AC Milan have been struggling over the past few yeas and their fans are understandably unhappy.
"It is not so important to Milan supporters if a potential buyer is an Italian or a foreigner — they only want results," said Milan-based sports journalist Marco Signorelli of Telelombardia.
"People here are very thankful to Berlusconi because of all the efforts he made in the past. But Milan have been struggling for years. It seems that they can only get players for free or on loan. The situation becomes even worse due to the financial crisis the club is facing.
"That's why a large number of supporters now ask Berlusconi to start investing in the squad again or sell the club."
However, the fans want to know if Bee is a trustworthy businessman, according to Signorelli.
"They also want to know if Bee is really interested in football and has enough money to run the club or he is only seeking media exposure," he said.
Bee is a co-owner of the Global Legends Series (GLS) which features veteran soccer players taking part in charity matches across Asia.
If the reported bid goes through, Bee would become the second Asian owner of an Italian Serie A club less than two years after Indonesian tycoon Erick Thohir bought a 70 percent stake in city rivals Inter Milan.
"When Thohir bought Inter, some people had doubts, and many still have, because there was a strong tradition of a local owner as [former club owner Massimo] Moratti is from Milan," Signorelli said.
Berlusconi is also from Milan while the Agnelli family, which owns Juventus, is from Turin, he said.
"But as you can imagine, fans are more concerned about the results," he said.
Inter now have a good manager in Roberto Mancini who has brought in several international players including Xherdan Shaqiri and Lukas Podolski, he said.
"Now Inter supporters have confidence in Thohir," Signorelli said.
Milan's failure to rebuild following a mass exodus in the summer of 2012 has left the Rossoneri consistently struggling to finish in the top five.
After 23 games this season, Milan, who failed to qualify for Europe this season, sit in 11th place in Serie A, 24 points adrift of leaders and champions Juventus and 12 behind Napoli, who occupy the third and last Champions League qualifying spot.
Former club icon Filippo Inzaghi took over at the start of the season pledging to do his utmost to rebuild an already ailing Milan side.
But since the turn of the year, the guile that helped Inzaghi become one of the most feared strikers in European football has been conspicuously absent on the Milan touchline.
Milan have amassed 30 points in 23 league games under Inzaghi, his average points per game the worst of any coach since Berlusconi purchased the club in 1986.
The Rossoneri, the seven-time European champions who once struck fear into the hearts of Europe's footballing elite, are at risk of finishing among the league's also-rans.
On Sunday, nine-man Milan were whistled off the pitch at the San Siro after a 1-1 draw with struggling Empoli further dented the team's hopes of European football next season.
And Inzaghi, who looked forlorn as his side held on for a share of the points on Sunday, admitted times are tough.
"Right now, we can't look at the league table. We need to pick up a good win and we also have to get back some of our injured players," he said.
"It was a complicated match. I haven't ever been able to field the same line-up for two matches in a row because I've always had players out injured or that aren't 100 percent.
"It's obvious that the fans want more. We feel this pressure and we have to win to ease the pressure. We have to get back to being a true team," bangkok post/afp