The player's agent Manuel Garcìa Quilòn has admitted Milan are dragging their feet over new contract talks.
Lately, the France international has been linked with Manchester United ahead of next season.
Calciomercato.com reports the English giants are showing interest, but that they may face competition from Real Madrid.
Theo was with Real Madrid earlier in his career.
Both Manchester United and Real Madrid are also chasing fellow left wing-back Alphonso Davies , 24, whose contract with Bayern Munich expires at the end of the season.
Milan rate Theo in the €50m class.
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KidRockz
4
Liverpool should buy Ferland Mendy from Madrid if Madrid get Davies or Theo for their left back..
JoeRock
4
Let Davies go to Man U, and we bring back Theo..
Tudcoptyz
1
Stupid club selling future players hakimi, Llorente, Theo , Mayoral, odegard Reyna Madrid just stupid wish all this players are on loan just like how Ibrahim Diaz did it will be very good for us now
Anuolu190
0
They became world class becoz they left Madrid dumbass.. If they didnt they will warm the bench all season long
They already have two champions league trophies, and they are already better players, just young, you people are just stupid, who will they bench at that time while Marcelo us at left and carvajal at right , and go check those player, Madrid has buy back clause with both players
Naddy81
0
fake news
lbcrna
0
he's a good guy and deserves to play for the best football club in England.
Ămär Khåñ
0
Imagine we are in need, but these 2 Theo and Hakim, would have been in the our first eleven without spending money.
They became world class becoz they left Madrid dumbass.. If they didnt they will warm the bench all season long
Hiacdeotuy
1
Imagine we are in need, but these 2 Theo and Hakim, would have been in the our first eleven without spending money.
Fahakmtuz
1
Madrid, maybe byt it's better if he stays.
AbuSayeedcc
0
keep dreaming
bijoy93
4
great
Doycdklpr
3
nice move