The Portuguese winger rose to prominence during the 2021-22 season, where he played a vital role in Milan's Scudetto success, earning the Serie A MVP award for that campaign.
In the 18 months since, Leao has found it tougher, with the weight of expectation and injuries overcoming him on occasion.
However, a return to form in a Milan side that has been flourishing during 2024 has seen his stock rise again, and a goal of the season contender in the draw with Atalanta BC at the weekend will only add to that.
Milan remain in a strong position to keep the player, with a €175m (£150m) release clause in Leao's contract which runs until 2028.
Spanish outlet Sport claims that Leao is high on the list of targets for both Barca and PSG, with the two clubs in a position where they could lose important attackers this summer.
The report states that Robert Lewandowski's future at Barca is not certain, while PSG are almost resigned to the fact that Kylian Mbappe is set to join Real Madrid at the end of the season.
Telefoot claim that the French club see Leao as a like-for-like replacement, even going as far as calling Leao the next Mbappe.
With a release clause so high though, it is almost impossible that either club will be able to meet it, making a transfer appear difficult in the near future.
In addition to the huge buyout clause, Leao has made a move away from San Siro even more unlikely with comments made recently at the presentation of his new book.
Leao pledged his commitment to the Rossoneri, saying: «In Milan they helped me grow as a man and as a player. I can't leave them. My future is in
Read on sportsmole.co.uk