David Beckham is willing to give up a "mountain of money" to stay with Milan, club chairman Adriano Galliani said yesterday while working to close the deal.

"All players express their affection for a club, but few have showed it in a tangible manner by renouncing a mountain of money. Beckham is one of these," Galliani told Milan's TV channel.

Galliani has said that negotiations are on track for Beckham to extend his loan from the Los Angeles Galaxy through to the end of the Serie A season.

Beckham joined Milan in January for a two-month loan that is slated to expire after today's game with Atalanta. Galliani said that documents were being exchanged with the Galaxy and that the deal was near completion.

Beckham has a five-year contract with the Galaxy worth e25.8 million.

Financial terms of the proposal are unknown, but the Galaxy had asked for e8 million from Milan for the outright purchase of the former England captain. Milan had said it would pay no more than e2.4 million, since he could become available anyway after the MLS season.