The Bosnian front-man's 26 league goals in 2008/09 - alongside strike-partner Grafite's 28 - helped fire the Wolves to their first ever German league crown under Felix Magath.
His devastating form alerted a string of English big-hitters including Spurs, Chelsea, Liverpool, Manchester City, Manchester United and Arsenal, while Milan were reported to have signed a pre-agreement with the striker, giving the Italians first option on the in-form front-man.
And the Rossoneri chief has revealed that the San Siro side are hopeful of sealing a deal for the in-demand striker.
"There's nothing more to say. He is a player that interests us very much," he told Sky Sports.
"I am talking with Wolfsburg and I think there is a possibility.
"We hope to conclude that transfer, but if not we will find another goal-scorer. After that, Milan will conclude their transfer campaign by buying a central defender.
"Overall, if we succeed, we will have bought a new striker and central defender, because our new coach [Leonardo] wants to play with a 4-3-3 formation.
"Then we would have Pato, Dzeko, Inzaghi, Borriello and Ronaldinho. In my opinion we would be well covered up front."
NEWS:Wolfsburg reveal Dzeko back-up plan
NEWS:Wolfsburg to discuss Dzeko future
NEWS:Milan close in on Dzeko
NEWS:Man City keen on Dzeko deal
NEWS:Spurs join race for Arsenal target Dzeko
NEWS:Chelsea join hunt for Dzeko
VIDEO:Dzeko half-volley in Gols of the Week
