Electronics retailer Suning Commerce Group Co is in "promising talks" with Inter Milan to buy a 70 percent stake in the club, Italian media reported.
Several officials of Inter are in Nanjing, capital of East China's Jiangsu Province. A deal worth 263 million euros ($293 million) is expected to be concluded this week, AFP reported Saturday.
Suning didn't respond to a request for confirmation by press time.
"Suning is scheduled to hold a press conference about sports at its headquarters Monday," a source close to the issue told the Global Times on Sunday.
Inter is one of the leading football clubs in Italy. It has won 30 domestic trophies, involving 18 league titles. It ranked fourth in Serie A during the 2015-16 season, according to its official website.
Inter plays at the San Siro stadium, which it shares with its biggest rival AC Milan. AC Milan is also reportedly selling shares to Chinese investors following 30 years under the control of Silvio Berlusconi, former Italian prime minister, said AFP.
Early in April, Suning reportedly went to visit AC Milan. It has discussed potential capital investment with the club, domestic media reported, citing Robert Faulkner, AC Milan's chief spokesman.
Suning already has some blocks in place: It owns local club Jiangsu Suning and has splashed millions of dollars on players such as Brazil's Alex Teixeira.
