The Rossoneri, who sold Zlatan Ibrahimovic and Thiago Silva to Paris Saint-Germain to raise funds and reduce salary expenditure, released a host of experienced veterans this summer before rebuilding around youth.
But their annual wage bill is still around 120 million euros per season, with highest earner Alexandre Pato believed to be making around 80,000 euros a week.
That is a relatively modest outlay by European 'superclub' standards, with the likes of Real Madrid, Barcelona, Chelsea and the Manchester clubs paying up to twice that amount.
Indeed, Milan’s annual outlay would not even come in the Premier League’s top five wage bills, with Liverpool and Arsenal understood to shell out more on wages than the Italian giants.
City rivals Internazionale slipped to third in the Serie A list after cutting costs of their own, their outlay of 100m per year now behind Juventus (115m), who were the only club to make a major increase in spending following their title victory.
The highest-paid players in Serie A are Guanluigi Buffon of Juventus, Daniele de Rossi of Roma and Inter's Wesley Sneijder, all of whom earn around 120,000 euros per week.
Roma were fourth behind Inter in the overall club list with an annual expenditure of around 95m, before a large drop to Lazio (66m) and Napoli (53m).
The lowest payers are promoted Pescara, who shell out just under 11m a year and whose highest-paid player Mervan Celik earns a modest 8,000 a week.