Milan has made no secret of its desire for the Togolese big man. Club vice president Adriano Galliani says the 24-year-old is the Rossoneri's No. 1 transfer target: "If [Adebayor] doesn't come then nobody will come."
Morabito claims the deal will go through once Arsenal finds a suitable replacement.
The names being talked about are Peter Crouch, Blackburn Paraguayan striker Roque Santa Cruz and Germany forward Mario Gomez. Arsenal is adamant that it will not sell Adebayor for less than $46 million.
If Adebayor makes the move to Italy, he will become the second Arsenal player to do so this summer. Midfielder Mathieu Flamini completed a switch in the beginning of May, when his Arsenal contract ran out.
Adebayor led Arsenal in scoring last season with 30 goals in all competitions.