Mateo Musacchio has been offered a contract renewal by Villarreal. His current deal expires in the summer of 2018, and he’s currently not making that much money compared to Jaume Costa and Mario Gaspar, both of whom signed deals pushing them out to the 2020’s—so presumably the contract on offer contains a significant salary increase.
At the moment, that appears to be all that is on the table. Of course, if he chooses not to sign it, then Villarreal will be keen to sell him in the close season rather than lose him on a free transfer the following summer.
AC Milan has been the team most linked with Musacchio; their failure to produce any money to purchase him last summer led to him remaining in Vila-real. But the odds Musacchio will leave for Milan have shortened following today’s announcement that the takeover of the club by Chinese investors has finally been achieved.
Of course, that does not automatically translate into funds available for investment in new players, but certainly that’s what is being expected in Italy.