Galliani said Milan and other Italian clubs are being squeezed out of several transfer moves as clubs in Spain and England have more money to spend.

But while it may mean the Rossoneri miss out on the chance to sign Ronaldinho from Barcelona, Galliani has not yet given up hope of making some moves soon.

"I cannot ignore that Italian football is now in fourth position in Europe behind England, Spain and Germany," he said in Gazzetta dello Sport.

"We simply cannot compete with certain figures anymore.

"Manchester City have offered the Brazilian (Ronaldinho) 12 million euros a year. We can only compete with that if they (Barcelona) give him away for free."

Galliani is hoping that Barca will rethink their pricing structure, particularly since it has become clear that Ronaldinho, Samuel Eto'o and Deco - all targets of the Rossoneri - are surplus to requirements at the Nou Camp.

New Barca coach Pep Guardiola on Tuesday revealed that all three could leave, but their valuations remain high, particularly since clubs such as Chelsea and Internazionale, for whom money is less of an issue, are knocking at the door.

The Rossoneri, on the other hand, can only hope the players remain available as the transfer window closes at the end of August, and that out of desperation to sell them, big discounts are offered.

"We will do all we can to sign a striker, but it is not easy," Galliani added.

"We will not be spending crazy amounts of money, and there are important economical reasons which have made us reflect on this.

"If things don't change, then we will have to get used to the idea that this Milan side can be competitive with the arrivals of Flamini and Zambrotta as well as the returns of Borriello, Abbiati and Antonini."