Inter Milan subject of Chinese group's bid for 70 percent of club - reports

Inter Milan could be about to change ownership for the second time in three years, according to reports in Italy.

Both La Gazzetta dello Sport and Il Corriere dello Sport report that a bid for the 70 percent of the club has been made by a group of Chinese investors, the Suning Commerce Group.

Although former president Massimo Moratti, who sold his majority share to Indonesian tycoon Erick Thohir in 2013, did not confirm the reports, he did reveal that negotiations have taken place.

"There's no news right now, we've just left it where it was with the Suning group taking 20 percent, but if there are any developments, then it could come to this situation [of selling 70 percent]," Moratti said in La Gazzetta dello Sport.

"This still needs to be evaluated and it will depend on the conditions, the timeframe and how serious they are."

Moratti still owns almost 30 percent of the club's shares, but is more likely to sell than to increase that holding, even if he admits there have been times when he had considered buying his majority stake back.

"I've thought of it every time I wanted to watch a beautiful game, but then you have to see the reality of what you can do," Moratti added.

The latest move could be completed in the coming weeks so as not to impede plans for next season, especially in view of potential summer transfers.

The Suning Group already paid Inter a visit just over a month ago, confirming their serious interest in the Serie A club, who qualified for the group stage of the Europa League next season.