In the 2014–15 season, Associazione Calcio Milan is competing in the Serie A for the 81st time, as well as the Coppa Italia. It is their 32nd consecutive season in the top flight of Italian football. This season is club's first season since 1998-99 season in which they won't participate in either UEFA Champions League or UEFA Europa League, as they failed to qualify last season, finishing in eighth place. Filippo Inzaghi was appointed as the new coach of the team.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Milan continued the trend from the previous season by signing free agents, including Michael Agazzi, Alex and Jérémy Ménez, that arrived in early summer. Major efforts, however, were made to confirm and/or fully acquire players already presents, but on loan or co-ownership (e.g. Andrea Poli, Riccardo Saponara, Michelangelo Albertazzi and Adil Rami), while only M'Baye Niang start the season after his return from previous loan. Pablo Armero, Fernando Torres and Marco van Ginkel also joined Milan on loan. In the last day of the transfer window, Milan bought Giacomo Bonaventura.

A few important players from the last season parted ways with Milan. Marco Amelia and Urby Emanuelson left after their contracts ended, Kaká activated the release clause in his contract, Adel Taarabt returned to Queens Park Rangers after his loan expired, while Kévin Constant, Mario Balotelli and Bryan Cristante were sold, allowing Milan to invest the incomed money in further acquisitions. The club also decided to sell Alberto Paloschi, Rodrigo Ely and Kingsley Boateng, instead of loaning them like in the past. Alessandro Matri, Antonio Nocerino, Valter Birsa and Robinho were supposed to be sold too, but they were eventually loaned out.