Crespo was a success at Milan last season
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Chelsea striker Hernan Crespo has flown to Italy to begin talks about a new loan deal with AC Milan.
Crespo, 29, who helped Argentina qualify for the World Cup after scoring twice in the 3-1 win over Brazil, is set to remain another year with Milan.
Crespo's agent Fernando Hidalgo said: "We are meeting Chelsea this week before the player signs the new contract with Milan.
"There are some details to clarify but in theory everything has been agreed."
Crespo will take a wage cut as part of the deal, and will receive about £1.67m for the next campaign, compared with about £2m for the season just gone.
Milan reached the final of the Champions League and challenged for the Serie A title - but ultimately missed out on both, losing to Liverpool in the European final and pipped by Juventus in Serie A.
The Argentinae scored a total of 18 goals for the Rossoneri in the 2004-05 campaign
Crespo joined Chelsea from Inter Milan for a fee of £16.8m in the summer of 2003.
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