AC Milan defender Philippe Mexes is close to extending his stay at the Stadio Giuseppe Meazza.

The 33 year-old had come to the end of his contract with the Rossoneri, but now it seems a new deal has been prepared and readied.

According to Gazzetta dello Sport the former French international could sign on once more for Milan, but not without first taking a cut to his wages.

Mexes is currently one of the highest earners at Milan with his €4m per season salary, although it seems the former Roma and Auxerre defender is prepared to make this sacrifice.

Despite the level of criticism leveled at him by some supporters, Mexes has scored vital and sometimes flamboyant goals for Milan in an otherwise disappointing couple of seasons.

The French international has worn the captain’s armband for the Rossoneri on a handful of occasions and club president Silvio Berlusconi is eager to retain the experienced central defender.

Mexes is one game shy of 100 competitive matches for Milan but only made 12 appearances in total during the 2014-15 Serie A season.