Serie A giant AC Milan will not be banned from UEFA competitions for breaching Financial Fair Play regulations, providing it is able to break even in two-and-a-half years' time.
Milan was suspended from this season's Europa League, only to have the punishment overturned by the Court of Arbitration for Sport (CAS) in July.
Following that ruling, European football's governing body has now handed down a "proportionate disciplinary measure" via its Adjudicatory Chamber of the Club Financial Control Body.
READ: Gattuso: 'We gifted the game to Olympiacos'
Milan will have €12million of its revenues from the 2018-19 Europa League withheld and will be restricted to registering 21 players in squads for UEFA competitions over the next two seasons.
If the club is not break-even compliant by June 30, 2021 it will be banned from UEFA tournaments in 2022-23 and 2023-24.
Once again, Milan has the option of appealing its punishments before CAS.
Gennaro Gattuso's side was knocked out of this season's Europa League on Thursday when it suffered a 3-1 defeat at Olympiacos.
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