The 19-year-old striker joined the Gialloblu last summer and has been impressive, scoring 11 goals in 39 Serie B games and helping them secure promotion to the top-flight.However, there had been several rumours regarding his future, with his parent club ready to take him back to the San Siro.
But the player's will to stay in Parma, as well as Parma President Tommaso Ghirardi's desire to keep him at the club, played a fundamental role in the negotiations.
"Keeping him was our primary objective," said Ghirardi. "We wanted to renew his co-ownership and that is what we have achieved.
"I have to thank [Milan vice-President Adriano] Galliani. He was hesitant over such an outcome at first, but he then gave me the opportunity to complete the deal.
"Milan have great faith in the player and I think they were initially keen to tie up an agreement for his return to their squad."
Paloschi made his Serie A debut with the Rossoneri aged 18 back in 2007-08 and it was a dream start for the youngster as he netted the winner against Siena seconds after he stepped onto the pitch.
Source: C4 Football Italia
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