The young stopper is no longer wanted at the Stamford Bridge club by manager Mauricio Pochettino.
Per TuttoMercatoWeb, Chalobah is also fed up with the lack of game time he is receiving.
The defender is ready to make a move and hopes to resurrect his career abroad.
The source adds that Milan are ready to put in a bid, which may come as early as this month.
Chelsea would be happy to sell the academy graduate, given their FFP issues.